News Formal

Walmart shares dip despite second-quarter earnings beats. What the pros say to do next

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Pros on CNBC discussed Walmart after the nation's largest retailer posted second-quarter results that beat on the top and bottom lines.

Market Movers rounded up the best reactions on Walmart from investors and analysts. Pros including Jim Cramer discussed the nation's largest retailer's second-quarter results , whose revenue and earnings both beat analysts' expectations.

The numbers were released premarket Thursday. Walmart also raised its full-year guidance due to strong grocery sales and surging U.S. e-commerce growth, which jumped 24% compared with the same period a year ago. Despite the outperformance, Walmart closed the trading day down 2.2%.

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:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Activists ease up on Salesforce — plus, 10 other Club stocks traded by Wall Street prosSalesforce (CRM), Nvidia (NVDA) and Alphabet (GOOGL) were among the basket of Club stocks traded by high-profile investors in the second quarter.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street's official stock market outlook — The latest CNBC Market Strategist SurveyWhere do the sharpest minds on Wall Street believe the market is headed? The CNBC PRO exclusive Market Strategist Survey is a roundup of year-end targets for the S&P 500.
Source: CNBC - 🏆 12. / 72 Read more »