Walmart Snags 16% Higher Profits in Q3
Investors had been hoping to hear good news in Walmart‘s (NYSE: WMT) third-quarter earnings report. The world’s leading retailer was sure to see slowing growth as compared to the prior quarter due to the end of fiscal stimulus measures. But Wall Street was still expecting strong results in areas like e-commerce sales, profits, and cash flow.
Walmart delivered growth in these key areas in the period that ended in late October, which sets the chain up for a strong finish to a record fiscal year.
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