Walmart’s Earnings Rise on Holiday Sales and Surging E-Commerce
Walmart $Wal-Mart(WMT)$ closed at an all-time high today after posting beats earnings estimate, boosts dividend, agrees to buy Vizio for $2.5 billion.
beat revenue by $3B ($173B vs $170B)
beat EPS by 15 cents (1.80 vs 1.65)
ad biz is up 33% YoY
ecom biz is up 23% YoY
3:1 stock split on Feb. 26, 2024
acquired Vizio for $2.3B to take OTT ad marketshare away from $ROKU (-7% on the day)
Walmart's Q4 2023 earnings report shows that their e-commerce business grew 40% in 2023, largely in part due to their expansion of grocery pickup and delivery services.
Image
Image
$Wal-Mart(WMT)$ Stock Forecast & Price Target
Wal-Mart is poised for new rounds of expansions in the coming years as they have stated. And the analysts predicts it will rise another 5.27% from the latest close price on Tuesday
https://www.tipranks.com/
OTHER EARNINGS THIS WEEK :
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
$Wal-Mart(WMT)$ good 👍 thanks