Market Movers: Walmart’s Second-Quarter Results Beat Expectations, Boosted by Strong Grocery Sales and E-Commerce Growth
Best Reactions on Walmart’s Second-Quarter Results
Market Movers collected the top responses from investors and analysts regarding Walmart. Esteemed individuals like Jim Cramer shared their thoughts on the second-quarter financial performance of the largest retailer in the country. Walmart exceeded analysts’ expectations by reporting impressive revenue and earnings. These figures were disclosed before the market opened on Thursday. The company also adjusted its full-year forecast upwards, citing strong sales in the grocery sector and a remarkable 24% growth in U.S. e-commerce compared to the same period last year. Despite these positive results, Walmart’s stock closed 2.2% lower at the end of the trading day.