What's Going On With Walmart Stock?
Portfolio Pulse from Ryan Gustafson
Walmart Inc. (NYSE:WMT) shares were volatile on Wednesday, ahead of its Q2 earnings report due on Aug. 17. The company is expected to report earnings of $1.70 per share and revenue of $160.19 billion. This follows better-than-expected financial results from Target, which could indicate a positive trend for the larger retail industry. Walmart's stock is up 12.34% year-to-date.
August 16, 2023 | 7:22 pm
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Walmart's stock was volatile ahead of its Q2 earnings report. The company is expected to report earnings of $1.70 per share and revenue of $160.19 billion. The stock is up 12.34% year-to-date.
The volatility in Walmart's stock is likely due to the anticipation of its Q2 earnings report. The expected strong earnings and revenue, along with the positive trend in the retail industry indicated by Target's better-than-expected results, could have a positive impact on the stock. However, the actual impact will depend on the actual earnings reported.
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