Reported about 2 months ago
Walmart's stock reached an all-time high following the release of its Q2 earnings, which surpassed analyst expectations. The retailer reported adjusted earnings of 67 cents per share, a 9.8% increase from last year, alongside a revenue boost of 4.8% to $169.34 billion. With an effective strategy attracting higher-income customers and a growing e-commerce presence, Walmart raised its full-year profit forecast, predicting earnings between $2.35 and $2.43 per share.
Source: YAHOO