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Walmart Stock (WMT) Sees Analyst Confidence Despite Mixed Q2 Results
Walmart Stock (WMT) Sees Analyst Confidence Despite Mixed Q2 Results
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BTCCSquare news:
Walmart's Q2 earnings fell short of expectations with adjusted EPS of $0.68 versus forecasts of $0.74, while operating income declined 8.2% to $7.2 billion. However, revenues ROSE 4.8% to $177.4 billion, exceeding estimates, driven by strong U.S. same-store sales growth of 4.6% and a 25% surge in global e-commerce demand.
Analysts remain bullish, with Telsey Advisory raising its price target to $118, citing Walmart's market share gains and expansion into higher-margin businesses beyond traditional retail. Mizuho's David Bellinger echoed optimism, though his commentary was truncated in the source material.
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