On Thursday, Walmart Inc (NYSE: WMT) surpassed estimates with fiscal first quarter earnings and revenue expectations. The discounter significantly expanded its e-commerce sales and boosted profits with newer businesses, including advertising and its efforts to appeal to more affluent shoppers in order to fight off rivals like Amazon.com Inc (NASDAQ: AMZN). While Walmart is the nation’s biggest retailer, Amazon leads when it comes to e-commerce, but Walmart is determined to stop being the underdo
The major indexes set all-time highs while many leading stocks flashed buy signals. Walmart and Asian e-commerce giants rallied on earnings.
On Thursday, the retailer topped quarterly estimates for earnings, revenue, and same-store sales growth.