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Walmart stock price jumps on surging e-commerce sales

By: Invezz

Shares of Walmart gapped more than 3% higher today after the company announced better-than-expected results for the first-quarter. A surge in demand has forced Walmart to hire nearly a quarter of million new workers. Fundamental analysis: E-commerce business soars Walmart reported that it earned $1.18 per share in the first-quarter ending April 30, higher than $1.12 per share expected from the Wall Street analysts. Moreover, the Arkansas-based retail giant recorded an 8.6% surge in revenue to $134.62 billion, again exceeding Wall Street’s expectations of $132.80 billion. The company’s e-commerce skyrocketed 74% in the United States, while the same-store sales grew

The post Walmart stock price jumps on surging e-commerce sales appeared first on Invezz.

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