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