News Formal

Walmart market cap tops $500B post Q1 results

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Walmart News

Julie Hyman,Household Budgets,Earnings Results

Shares of Walmart (WMT) are trading higher Thursday, boosted by the company's first quarter earnings beat, which signaled consumer resilience on spending...

signaled consumer resilience on spending despite the strain on household budgets.Wal Mart shares rising after the retailers first quarter results impressed Wall Street the move higher, pushing the company's market value over $500 billion for the first time.And Walmart CFO John David rainy appearing on the morning brief earlier today, he spoke about the quarter and what it signals about the consumer.

Yeah, it was interesting too, Julie, I thought the focus on kind of these newer um higher margin revenue streams is really interesting to me. And of course, if you're a Walmart investor, you know, that kind of growth and higher margin services you love to see and, and you're betting on that becoming just an increasingly bigger part of the overall pie.The company um shipped 4.4 billion units for same day or next day delivery for walmart.com.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Strong Walmart earnings may already be priced in with shares near recordWalmart's earnings amid signs of weaker discretionary spending could add fuel to a rally that has propelled its shares to record highs, or potentially spook ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Strong Walmart earnings may already be priced in with shares near recordExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Strong Walmart earnings may already be priced in with shares near recordThere’s increasing pressure on the company to provide impressive results
Source: globeandmail - 🏆 5. / 92 Read more »

Walmart shares pop in pre-market after another revenue, earnings beatThe retail giant posted strong numbers as Americans looks to stretch their dollars.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Walmart shares pop after earnings beat, surpasses $500 billion in market capThe retail giant posted strong numbers as Americans look to stretch their dollars.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »