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Walmart Earnings Slide Despite Strong E-commerce Growth

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WMT
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Walmart Inc (WMT) reported its quarterly earnings, revealing a GAAP EPS of $0.80, down 9.09% year-over-year.

The company's revenue reached $187.94 billion, a 5.94% increase from the same period last year.

Despite this dip in earnings per share, Walmart is optimistic about its future prospects, citing strong growth in e-commerce and advertising.

In fact, the company reported a 23% surge in global e-commerce sales and a 38% boost in its advertising business.

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