Walmart’s Earnings Rise on Holiday Sales and Surging E-Commerce
@Twelve_E：
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 : $NVIDIA Corp(NVDA)$ $Wal-Mart(WMT)$ $Home Depot(HD)$ $Block(SQ)$ $Etsy(ETSY)$ $Palo Alto Networks(PANW)$ $Analog Devices(ADI)$ $Moderna, Inc.(MRNA)$ $Rivian Automotive, Inc.(RIVN)$ $Lucid Group Inc(LCID)$ $Nikola Corporation(NKLA)$
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