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’s surge just added $12 billion to the Walton family’s wealth

The Walton family still controls about 48% of Walmart, meaning their exorbitant wealth is innately tied to the company’s stock price. Walmart’s earnings surge on Tuesday netted Sam Walton’s heirs a cool $US11.6 billion. Follow Walmart stock price in real-time here. Walmart skyrocketed more than 10% Thursday following the grocer’s […]
Walmart’s surge just added $12 billion to the Walton family’s wealth
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 slides amid reports it’s in talks to buy health insurer Humana

Walmart’s stock was down on Monday following reports that the company is considering an acquisition of health insurer Humana. The potential tie-up would represent the latest in a string of mergers and acquisitions in the healthcare services industry as retailers are pressured to deliver lower cost drugs to consumers and […]
Walmart slides amid reports it’s in talks to buy health insurer Humana
Markets

Walmart has a big opportunity to help reverse its online sales slump

Walmart has an opportunity to revitalize its online sales through a key category that other retailers will have more difficulty in: online groceries. The company’s “click & collect” option on its website will not only bring more online traffic, but also more customers off-line and into its stores, Credit Suisse […]
Walmart has a big opportunity to help reverse its online sales slump