Walmart reported second-quarter financial results that surpassed Wall Street estimates thanks to growth in same-store sales and e-commerce.
Shares of Walmart climbed 6.5% on Thursday after the retailer posted second-quarter revenue and earnings per share that beat Wall Street estimates. The company's investments in e-commerce, particularly grocery delivery, paid off during the quarter as the segment's sales grew 37%. Following the strong quarter, Walmart raised its 2020 outlook for US comp sales and earnings per share. Visit the Markets Insider homepage for more stories. Walmart's stock jumped 6.
Shares of Walmart climbed 6.5% on Thursday after the retailer posted second-quarter revenue and earnings per share that beat Wall Street estimates. The company's investments in e-commerce, particularly grocery delivery, paid off during the quarter as the segment's sales grew 37%. Following the strong quarter, Walmart raised its 2020 outlook for US comp sales and earnings per share. Visit the Markets Insider homepage for more stories. Walmart's stock jumped 6.
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