Tuesday, February 19, 2019

Walmart flexes in the fourth quarter, beats all expectations

Boston Herald
Walmart beat expectations on quarterly profit and revenue, and e-commerce sales surged during the critical holiday period.

Shares moved sharply higher before the opening bell Tuesday.

Walmart is the first major retailer to deliver fourth-quarter results and its performance provides more evidence that efforts to expand services online as well as in the stores are widening the gap between itself and traditional rivals while at the same time, it’s holding its own against Amazon.. . . more