Author: Staff Contributor

Walmart Reports Better-Than-Expected Fiscal Second-Quarter Results

Walmart Reports Better-Than-Expected Fiscal Second-Quarter Results

Walmart (WMT) reported better-than-expected results for its fiscal second quarter on Thursday, as the retailer’s same-store sales grew faster than analysts predicted amid its push toward e-commerce, while raising the outlook for full-year earnings. Revenue rose 1.8% to $130.4 billion, ahead of the Street’s expectation for $129.3 billion. US same-store sales rose 2.8%, topping analysts’ views for 2.48%. Adjusted earnings […]