Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

Walmart's Results Beat Expectations And Hiked Its Outlook For The Year. Its Stock Plunged Anyway.

Walmart's stock plunged on Thursday even though the company's results beat expectations. (Credit: Latin Times)

Walmart's stock plunged on Thursday even though the company's results beat expectations and hiked its outlook for the year.

Concretely, the company said revenue rose 5.9% in the fiscal second quarter, buoyed largely by e-commerce sales, which jumped 23%.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.