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- Walmart stock gains after better-than-expected earnings report
- Home
- News & Analysis
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- Walmart stock gains after better-than-expected earnings report
- Founded: July 2, 1962
- Headquarters: Bentonville, Arkansas, United Kingdom
- Number of employees: 2.1 million (2023)
- Industry: Retail
- Key people: Greg Penner (Chairman), Doug McMillon (President and CEO)
- 5 day: +3.33%
- 1 month: +8.36%
- 3 months: +13.31%
- Year-to-date: +11.62%
- 1 year: +20.16%
- JPMorgan Chase & Co.: $176
- Stifel Nicolaus: $175
- Deutsche Bank: $190
- Telsey Advisory Group: $185
- Oppenheimer: $185
- Morgan Stanley: $168
- BMO Capital Markets: $175
- Truist Financial: $170
- Royal Bank of Canada: $168
- Evercore ISI: $177
- Jefferies Financial Group: $195
- Stephens: $190
- Tigress Financial: $196
- Piper Sandler: $210
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisNews & AnalysisWalmart stock gains after better-than-expected earnings report
21 February 2024 By Klavs ValtersWalmart Inc. (NYSE: WMT) announced the latest financial results before the US market open on Tuesday.
World’s largest supermarket chain achieved revenue of $173.388 billion in the fourth quarter vs. $170.854 billion expected. Revenue grew by 5.7% year-over-year.
Earnings per share (EPS) reported at $1.80 (up from $1.71 the year prior) vs. $1.643 per share expected.
Full-year revenue grew by 6% from the year before $648.1 billion. EPS grew by 5.7% to $6.65 per share.
Walmart also announced that it will acquire electronics company VIZIO HOLDING CORP. in a deal worth $2.3 billion.
Company overview
CEO commentary
Doug McMillon, CEO of Walmart had this to say to investors: ”Our team delivered a great quarter, finishing off a strong year. We crossed $100 billion in eCommerce sales and drove share gains as our customer experience metrics improved, even during our highest volume days leading up to the holidays. We’re proud of the team and excited about building on our momentum as we work to bring prices down for our customers and members.”
Stock reaction
Shares rose by over 3% during Tuesday’s trading session, trading at $175.75 a share.
Stock performance
Walmart stock price targets
Walmart Inc. is the 17th largest company in the world with a market cap of $473.78 billion, according to CompaniesMarketCap.
You can trade Walmart Inc. (NYSE: WMT) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to “Trading” then select “Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: Walmart Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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