Walmart Rebounds After Heavy Selloff as Revenue and Digital Sales Rise
Walmart shares rebounded about 1.4% to $105.21 after a roughly 10% drop over two days, sparked by weaker demand signals than expected. Quarterly revenue rose 5.9% to $187.94 billion, global e-commerce jumped 23%, advertising revenue increased 38%, and operating income climbed 28.8%. U.S. comparable sales grew just 2.6%, below expectations near 3.8%, the weakest pace in six years.