Several major U.S. companies released earnings reports for the quarter ending in May 2025. Walmart reported first-quarter revenue of $165.61 billion, slightly below the consensus forecast of $165.84 billion, but exceeded earnings expectations with adjusted earnings of 61 cents per share versus the expected 58 cents. The company warned that tariffs could result in higher consumer prices, with the CFO stating price increases could start this month. Dick's Sporting Goods announced a $2.4 billion acquisition of Foot Locker, with the deal expected to close in the second half of the year. Dick's shares fell 14% following the announcement, while Foot Locker shares surged 85%. UnitedHealth Group shares dropped 15% to a five-year low after reports that the U.S. Department of Justice is investigating the company for potential Medicare fraud. Cisco Systems shares rose nearly 6% after the company reported better-than-expected fiscal third-quarter earnings of 96 cents per share on revenue of $14.15 billion, surpassing analyst estimates of 92 cents per share and $14.08 billion in revenue. Cisco also raised its full-year profit outlook and announced that CFO Scott Herren will retire in July. Boot Barn shares increased almost 17% despite missing fiscal fourth-quarter estimates, as the company projected stronger-than-expected same-store sales growth for the current quarter and announced a $200 million share buyback plan. CoreWeave, an artificial intelligence infrastructure company, saw its shares rise 5% after reporting $981.6 million in revenue for its first quarter as a public company, exceeding the $853 million figure anticipated by analysts. DXC Technology shares declined nearly 5% after issuing weak guidance for its fiscal first quarter, with adjusted earnings guidance of 55 to 65 cents per share compared to analyst expectations of 79 cents, and providing a disappointing outlook for the full year. Alibaba missed fiscal fourth-quarter expectations, with its net income rising 279% from a year ago.