• Walmart soars as e-commerce growth drives earnings beat and raises 2020 outlook

    2 days ago - By Business Insider

    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.
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    Walmart's stock jumped 6.5% on Thursday after the retailer reported second-quarter results that topped Wall Street forecasts.
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