Home » General World News » Walmart beats on earnings as online sales surge (WMT)

Affordable Business Search Form On Various Famous Websites...

Loading
Compare Hotels rates & Flight tickets prices from 100+ top booking sites at once..., Check the prices & save up to 80 %..., Click to find cheap, affordable travel offers, new deals campaigns... >>> www.travelkinds.com

Walmart beats on earnings as online sales surge (WMT)

Walmart on Thursday reported first-quarter earnings and sales that topped analysts’ expectations amid heavy investments to beef up its ecommerce unit and contain the threat from Amazon.

Adjusted earnings per share came in at $1, America’s largest retailer said in a statement, beating analysts’ forecast for $0.96 according to Bloomberg. Sales at stores open for at least one year rose by 1.4%, ahead of the forecast for 1.3%.

Gross merchandise volume in Walmart’s ecommerce unit — the value of everything that was sold through it — jumped by 69% compared to the prior year. Walmart’s acquisition of Jet.com as well read more >>>

Source:: BusinessInsider.Com

Comments are closed.