Bloomberg Video: Walmart shares jump following earnings beat and raised outlook
By Nandita Bose
Key Points
- Walmart’s quarterly earnings and sales top analysts’ estimates.
- Same-store sales for the fiscal second quarter were up 2.8%.
- E-commerce sales surged 37%.
It marked the 20th consecutive quarter of sales gains in the U.S. for Walmart and its 19th quarter of traffic growth on its home turf.
Walmart shares jumped more than 6% in premarket trading on the news.
Here’s what Walmart reported for the quarter ended July 31 compared with what analysts were expecting, based on Refinitiv
https://youtu.be/hT9n6wszTRA
