Walmart reported adjusted earnings of 62 cents per share, a 7% increase from the previous year and above analyst expectations, on revenues of $179.5 billion. CNBC's Courtney Reagan joins 'Squawk Box' to report on the company's quarterly earnings results.

New York

Walmart reported adjusted earnings of 62 cents per share, a 7% increase from the previous year and above analyst expectations, on revenues of $179.5 billion. The retailer raised its full-year outlook for both sales and earnings, now projecting revenue growth between 4.8% and 5.1% and earnings between $2.58 and $2.63 per share. U.S. comparable store sales rose 4.5%, while e-commerce sales grew 28%.

Walmart continues to attract shoppers across all income levels, with notable gains among higher-income customers. The company announced it will move its stock listing from the New York Stock Exchange to Nasdaq on December 9, maintaining its WMT ticker. CEO Doug McMillon will retire at the start of next year, with John Furner set to succeed him.

Walmart hikes sales, earnings forecast as it attracts shoppers

Walmart just coming in with its earnings. We've been waiting for that release. Courtney Reagan is standing by and she has the numbers. Courtney? Hi, Becky. Yeah, so Walmart reporting adjusted earnings here of 62 cents. That's up 7%, and it is 2 cents above the street's consensus on revenues of $179.5 billion. That's up 5.8% from last year, also above the street's $177.43 billion estimate. With one quarter left in the fiscal year, the retailer is upping its full year forecast for sales and earnings for the second time, now expecting revenues to grow between 4.8 and 5.1%, and for earnings to fall in a range of $2.58 to $2.63, and adjusted operating income to grow between 4.8% to 5.5%. That's up from its previous forecast of flat. Now, operating income in this quarter is down 0.2% due to a one-time compensation charge in anticipation of taking its phone pay business public as part of its international business. Now, U.S. comparable store sales grew 4.5%. That's bettering Analyst's 4% estimate. Also, the 45th straight quarter of growth with broad-based strength. E-commerce grew 28% in the U.S. That's slightly outpacing the global e-commerce growth. Walmart Connect, that's the advertising business, it grew 33% in the U.S., 53% globally. I spoke with CFO John David Rainey and asked how Walmart didn't see the same macro economic pressure on its results as others have called out. He said, if there's a little incremental strain on the consumer, they're only going to become more selective to look for more value, going to become more choiceful. We continue to demonstrate that our value proposition is resonating really strongly with our members and consumers. Convenience is also part of the equation, though. Rainey said consumers of all incomes are opting to pay more for faster delivery. Quote, a third of our orders from store people are taking advantage of that faster delivery time for a fee that revenue related has increased 70% year over year. And then he went on to say that even in the first couple of weeks of the month, when we saw that there was an impact from the SNAP benefit lapse, it had an impact on this part of the business, meaning that even lower income consumers are taking advantage of this expedited delivery within one and three hours. Now, Rainey also said Walmart continues to gain share among higher income shoppers, noting that we've been gaining share among all income cohorts. But as we've noted for several quarters, they're more pronounced in the upper income segment. And we should also note some news here. Walmart is going to be moving its stock listing from the New York Stock Exchange to the Nasdaq as of December 9th. It will stay with the ticker that it is currently, which is WMT. Becky. It's a big win for Adina Friedman. That stock this morning up by about, actually, it just jumped one and three quarters percent on this news. If you look at the stock and how it's performed over time, it's been pretty impressive, too. Although it did see a pullback on the news that the current CEO, Doug McMillan, is going to be retiring. Yeah, that's exactly right. I mean, when you even look over the last three months, you know, it's done well, but maybe not as well as you might expect based on sort of some of these results, because we know there's been this macroeconomic pressure on the consumer. But Walmart here just proved today they've sort of either been able to defy it or they've become an answer when consumers are feeling that incremental strain. And yes, there is going to be this CEO transition at the beginning of next year when John Furner takes over for Doug McMillan. Remember, Doug McMillan will have been CEO for almost 12 years. Walmart really likes its CEOs to stay for about that 10 year time period. And perhaps if he's not able to give another 10 years, it makes sense that this is the time. Pass the baton to John Furner, who's been part of the architect for the current success plan right now. You also don't want to risk losing John Furner, too. So yes, I know everyone's going to be sad to see McMillan go when it comes to both the employees and the investors for what he's done for them. But it also feels like John Furner is a great choice as well.

President Trump approved a 28-point plan to end the Russia-Ukraine war, a senior White House official confirms to CBS News. Ramy Inocencio has the latest.

Washington

Ukraine Invasion

Trump approved 28-point plan to end Russia-Ukraine war

There are reports that the U.S. and Russia have drafted a plan that would end the war in Ukraine, but it proposes that Kyiv give up territory and some weapons.

Kyiv

Ukraine expected to give up land, some arms under U.S. peace plan

All 267 people on board a South Korean passenger ferry that ran aground off the southwestern tip of the Korean peninsula on Wednesday (November 19) have been rescued, in an incident that revived memories of the major ferry disaster in 2014 in which 300 people died.

Mokpo-si

Ferry runs aground off South Korea, crew negligence suspected

On Wednesday, U.S. President Donald Trump signed the bill that forces the Justice Department to release the files from its investigation into the late sex offender Jeffrey Epstein. The bill was passed by the U.S. House and Senate on Tuesday.

Trump signs bill to release Epstein files

U.S. officials are now in Kyiv for the Trump administration's renewed push to end the Russia-Ukraine war. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan has the details.

U.S. officials in Ukraine to push for renewed peace talks

Harvard University is opening a new inquiry into faculty connections with convicted sex offender Jeffrey Epstein. Cam Srivastava, college administration reporter for The Harvard Crimson, joins CBS News with more.

Cambridge

Harvard announces new probe into faculty ties to Jeffrey Epstein

U.S. President Donald Trump has authorized a plan for the CIA in Venezuela, according to a New York Times report. CBS News' Charlie D'Agata has more details.

Trump authorizes plans for CIA covert operation in Venezuela: report

An Israeli strike on the Ain al-Hilweh Palestinian refugee camp in southern Lebanon killed 13 people and wounded several others, the Lebanese Health Ministry said Wednesday. The Israeli military said it struck Hamas militants who it said were operating in a training compound there.

Beirut

Middle East Conflict

Israeli strike on Palestinian refugee camp in Lebanon kills 13

The Epstein files bill is expected to reach President Donald Trump's desk for his signature on Wednesday (November 19). CBS News' Taurean Small reports.

Trump set to sign bill to release Epstein files

Microsoft and Nvidia plan to invest a combined $15 billion into Anthropic. Bloomberg Intelligence's Mandeep Singh discusses why two of the biggest backers of OpenAI are putting money into its rival.

San Francisco

Microsoft, Nvidia to invest up to $15 billion in Anthropic

Hamas rejects the US-drafted UN resolution for a Gaza ceasefire and international stabilisation force.

UN Security Council vote: Hamas rejects Gaza 'peace resolution'

President Trump welcomed Saudi Crown Prince Mohammed Bin Salman to the White House on Tuesday. The two leaders announced a boost in Saudi Arabia's planned investment in the U.S., from $600 billion to nearly $1 trillion.

Trump, MBS announce boost in Saudi investment to U.S.

President Donald Trump hosted Crown Prince Mohammed bin Salman at the White House on Tuesday, with the Saudi de facto ruler seeking to further rehabilitate his global image after the 2018 killing of U.S.-based journalist Jamal Khashoggi and deepen ties with Washington.

Trump hosts Saudi crown prince for pomp-filled, deal-making visit

The Senate, through the process of unanimous consent, agreed to send the bill to President Trump's desk for his signature without any amendments once it's received from the House.

Senate to send Epstein files bill to Trump's desk for signature

The House has approved a bill that would require the Justice Department to release files related to convicted sex offender Jeffrey Epstein. The bill, which received bipartisan support, now awaits consideration in the Senate.

House passes bill that would force release of Jeffrey Epstein files

Hopes for a strong G20 declaration on climate and debt relief are slim as South Africa readies to host the summit from Saturday (November 22). Global tensions and a boycott by the United States threaten to overshadow the gathering.

Johannesburg

South Africa readies for G20 despite U.S. boycott

At least one person is dead and three others were injured after an attack in the West Bank, Israeli forces said. Meanwhile, the United Nations Security Council backed the U.S. plan for Gaza. CBS News' Ramy Inocencio has the latest.

Jerusalem

Tensions escalate as U.N. Security Council backs Trump's plan for Gaza

U.S. President Donald Trump will host Saudi Crown Prince Mohammed bin Salman at the White House, his first visit since Washington Post journalist Jamal Khashoggi was killed in 2018. The crown prince has denied any involvement.

Saudi Crown Prince Mohammed bin Salman visiting White House

The sale of the fighter jets is one of several major deals between the two countries expected to be announced during the visit.

Trump says he will sell F-35 jets to Saudi Arabia

The U.K. government has proposed a major overhaul of its asylum rules, making it easier to deport people and quadruple the amount of time it takes to become a permanent resident.

London

U.K. introduces tougher laws for asylum seekers

In a blistering opinion, a federal judge in Virginia accused Justice Department prosecutor Lindsay Halligan of misconduct, saying there was a "disturbing pattern of profound investigative missteps."

Virginia

DOJ accused of 'profound investigative missteps' in Comey case

The United Nations Security Council has voted to adopt a U.S. resolution outlining President Trump's peace plan for post-war Gaza. CBS News senior foreign correspondent Holly Williams has the details.

U.N. Security Council adopts U.S. resolution on Gaza plan

The aircraft carrier USS Gerald Ford has arrived in the Caribbean, giving the United States the ability to strike inside Venezuela if President Trump gives the order. The U.S. has also sent thousands of troops to the region.

Trump 'won't rule out' sending troops to Venezuela amid rising tensions

President Trump now says Republicans should vote to release all of the files related to the federal investigation into convicted sex offender Jeffrey Epstein. CBS News' Olivia Rinaldi and Nikole Killion have the latest on what could happen next.

Trump's Epstein files reversal comes amid pressure from allies

Poland's Prime Minister Donald Tusk has called an explosion on a railway line “an unprecedented act of sabotage.” Donald Tusk did not say who he believed had carried out the attack, but a government minister said "foreign intelligence agencies" were responsible.

Warsaw

Railway line blast in Poland ‘unprecedented act of sabotage’

Ukrainian President Zelenskyy signed a landmark deal in Paris on Monday to buy 100 Rafale jets, drones, and air defense systems from France.

Paris

Ukraine signs deal with France for jets, air defense systems

The Federal Aviation Administration ended mandated cuts in domestic flights at 40 major U.S. airports, easing restrictions that had been imposed over air traffic control concerns during the federal shutdown.

FAA ends mandated cuts in domestic U.S. flights

Israeli Prime Minister Benjamin Netanyahu vowed to oppose any attempt to establish a Palestinian state, a day before the UN Security Council will vote on a U.S.-drafted resolution on Gaza that leaves the door open to Palestinian independence.

Tel Aviv-Yafo

Netanyahu insists there can be no Palestinian state ahead of UN vote

A Bangladesh court sentenced ousted Prime Minister Sheikh Hasina to death for crimes against humanity on Monday (November 17), concluding a months-long trial that found her guilty of ordering a deadly crackdown on a student-led uprising last year.

Dhaka

Bangladesh's ousted PM sentenced to death for protest crackdown

President Donald Trump now appears to support the release of all Jeffrey Epstein files as the House of Representatives readies for a vote on the matter. CBS News' Natalie Brand reports.

Breakdown