Walmart set today to report on its 2Q
Walmart Inc. is set to release its second-quarter earnings results today. A prerecorded conference call and quarterly earnings report will be available around 6 a.m.
The earnings call can be accessed in the United States and Canada by dialing (877) 523-5612 and entering access code 9256278 followed by the pound sign. Earnings reports are posted on the company's corporate website at stock.walmart.com/investors.
Analysts expect the Bentonville retailer to earn $1.22 per share on revenue of $126 billion, according to a survey by Thomson Reuters. In the same quarter last year, Walmart reported earnings per share of $1.08 on revenue of $123.4 billion.
Walmart shares reached an all-time intraday high of $109.98 on Jan. 29, then fell to a 2018 low of $81.78 on May 24. Shares have been trading around $89 since Aug. 1.
-- Serenah McKay
River's rise delays LR marina till spring
The opening of a $60 million marina development on the Arkansas River just east of downtown Little Rock has been delayed until early spring, the project's developer said Wednesday.
The Rock City Yacht Club was scheduled to open this summer, "but the river went up on us, which knocked us out for a while," said businessman John Burkhalter.
"The first critical element was the river wall and the river walkway," he said. "That's 100 percent in now as of last Thursday."
The first phase of what Burkhalter has said will be a "state of the art" marina include about 140 boat slips, a public-access ramp and park, fueling station, restrooms and a dock store.
About half the docks are in the water with ramps and the rest of the docks to be installed in about a month. The roofs to the docks will be on by Christmas. Utilities will be installed before the project is opened by early spring, Burkhalter said.
Construction is expected to begin early next year on 168 luxury apartments, called the Residences at Harbor Town, including a pool and clubhouse as well additional slips and a restaurant.
-- Noel Oman
Arkansas Index falls 9.23, ends at 445.72
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 9.23 to 445.72 Wednesday.
"Equities fell due to concerns of the Turkish economic crisis spilling over to foreign markets while the energy sector was particularly weak on reports of an unexpected increase in stockpiles of crude oil," said Leon Lants, managing director at Stephens Inc. in Little Rock.
Total volume for the index was 20.5 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 08/16/2018