00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart said holiday quarter sales rose nearly 6% and quarterly earnings and revenue exceeded
00:08Wall Street expectations, according to CNBC. Walmart reported adjusted earnings of $0.74
00:13per share on $190.66 billion in revenue, exceeding expectations of $0.73 per share
00:21and $190.43 billion. Holiday quarter sales rose nearly 6% as e-commerce, advertising,
00:29and its third-party marketplace drove growth. Walmart's U.S. e-commerce sales rose 27%
00:35year-over-year, driven by store-fulfilled pickup and delivery and growth in its third-party
00:40marketplace. The company posted its 15th straight quarter of double-digit digital gains,
00:45while global e-commerce sales increased 24%. For the full fiscal year, Walmart expects net sales
00:52growth of 3.5% to 4.5% and adjusted earnings of $2.75 to $2.85 per share,
01:01below expectations
01:02of $2.96. For all things money, visit Benzinga.com.
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