Walmart shares jump following earnings beat and raised outlook

on Thursday reported second-quarter earnings that topped expectations and raised its outlook for the full year, building on the momentum in its core U.S. business, online operations and investments in grocery.

Net income rose to $3.61 billion, or $1.26 per share, compared with a net loss of $861 million, or 29 cents a share, a year earlier. Excluding one-time items, Walmart earned $1.27 a share, 5 cents better than expectations. Walmart said e-commerce sales surged 37% during the quarter, matching growth during the prior quarter. And the company is still calling for U.S. e-commerce sales growth of 35% for the year, which would be slightly less than what it logged in fiscal 2019.

CourtReagan Walmart smoked its numbers!

CourtReagan Yep! No recession no matter how much the dems want one.

CourtReagan How about giving their poor employees a raise so that they won't need to use government programs to survive? I'm sure the Waltons don't need any more cash.

CourtReagan Maybe Walmart can start paying living wages and pay taxes.....

CourtReagan Sure sign of recession analysts. Aren't you a bunch of clowns? 🤣🤣

CourtReagan Like I said yesterday now everyone can hate $WMT again and take the focus off the wider market losses.

Canada Canada Latest News, Canada Canada Headlines

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

Walmart soars as e-commerce growth drives earnings beat and raises 2020 outlookWalmart reported second-quarter financial results that surpassed Wall Street estimates thanks to growth in same-store sales and e-commerce. and they can't pay a living wage because, reasons? Amazon never could shake this lion off of it's ass! Walmart is a fucking beast...ain't it? Amazon..the cheetah..came in the game all sleek and fast..slaying everything in sight! But they didn't see the Lion sitting over there...watching! Amazon came too close! So...now the Lion is at his ass! Amazon can't shake him! Walmart!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Walmart's earnings beat allays worry over tariff impact for nowU.S. retailer Walmart Inc reported strong second quarter results and raised its ... Walmart would be the last one to feel a tariff war kids need some school supplies.
Source: Reuters - 🏆 2. / 97 Read more »

Canadian pot company Tilray's stock slips after posting a wider-than-expected loss for the second quarterThe Canadian pot company missed earnings expectations and beat revenue expectations.
Source: CNBC - 🏆 12. / 72 Read more »

The RealReal’s Stock Jumps After Earnings BeatA smaller-than-expected quarterly loss sent company shares up more than 11 percent during after-hours trading.
Source: wwd - 🏆 24. / 68 Read more »

Walmart earnings: Amazon Prime Day was a good thing for WalmartAnalysts are predicting a 35% e-commerce boost for Walmart in the second quarter, helped in part by Amazon Prime Day spillover.
Source: MarketWatch - 🏆 3. / 97 Read more »