Markets

Walmart climbs 6% after earnings crush estimates, boosted by online shopping

Walmart reported quarterly earnings on Tuesday that crushed Wall Street’s estimates, boosted by a huge surge in ecommerce. Shares of Walmart climbed as much as 6% in premarket trading Tuesday before paring those gains to trade lower. Walmart’s ecommerce sales soared 97% in the second quarter, as the coronavirus pandemic […]
Walmart climbs 6% after earnings crush estimates, boosted by online shopping
Markets

Walmart soars as e-commerce growth drives earnings beat and raises 2020 outlook

Shares of Walmart climbed 6.5% on Thursday after the retailer posted second-quarter revenue and earnings per share that beat Wall Street estimates. The company’s investments in e-commerce, particularly grocery delivery, paid off during the quarter as the segment’s sales grew 37%. Following the strong quarter, Walmart raised its 2020 outlook […]
Walmart soars as e-commerce growth drives earnings beat and raises 2020 outlook
Markets

Walmart is surging after earnings crush Wall Street expectations

Walmart beat Wall Street’s earnings expectations on Thursday, nearly doubling the forecasted same-store sales growth rate. E-commerce grew 40% over the same period a year ago. Shares rose more than 10% in early trading Thursday following the release. Follow Walmart’s stock price in real-time here. Shares of Walmart surged more […]
Walmart is surging after earnings crush Wall Street expectations
Markets

Walmart tumbles after online sales growth slows

Walmart is down more than 6% Tuesday morning after reporting disappointing earnings. The world’s largest retailer reported adjusted earnings of $US1.33 per share where Wall Street expected $US1.37. Revenue was better-than-expected, but contributions from e-commerce fell by 27 percentage points from last quarter. Shares of Walmart fell as much as […]
Walmart tumbles after online sales growth slows