Walmart reports better-than-expected results for second quarter
August 18, 2022
Trending News 🌥️Walmart($NYSE:WMT) reported better-than-expected results for the second quarter, with non-GAAP EPS of $1.77 beating analyst estimates by $0.17. Revenue of $152.6B also beat estimates by $2.64B. This strong performance is likely to boost Walmart’s market value and earnings in the long term. The company’s press release noted that Walmart had a strong quarter thanks to its e-commerce business and its focus on delivering value to customers. Walmart is well-positioned to continue delivering strong results in the future, which should please investors.
Stock PriceThe stock opened at $138.9 and closed at $139.4, a rise of 5.1% from the previous closing price of $132.6.
VI AnalysisWALMART is a large company with a long history of consistent and sustainable dividend payments. This makes it a ‘cow’ type of company, which is generally considered to be less risky than companies that pursue growth at a faster pace. WALMART has an intermediate health score of 6/10, which indicates that it is likely to be able to sustain future operations even in times of crisis. However, the company is weak in terms of growth, with little room for expansion in the future. For more details please visit Star Chart.
SummaryThis was good news for investors, as it showed that the company is continuing to perform well despite the challenges posed by the coronavirus pandemic. This growth is likely to continue in the second half of the year, as Walmart has continued to invest in its online business. This acquisition will help Walmart to further grow its online sales and compete more effectively with Amazon. Investing in Walmart is a good way to gain exposure to the growth of online retail. The company is well-positioned to continue growing its sales and profits in the coming years.
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