E-Commerce Focus Will likely Take WMT Stock Higher
Wal-Mart Stores Inc (NYSE:WMT) posted its fourth-quarter results on Tuesday, and the strong growth in e-commerce sales in the 2016 holiday season surprised investors. Walmart stock got a lift from this good news, closing three percent up, at $71.45.
Wal-Mart Stores announced its Q4 and full-year financial results on Tuesday and pleasantly surprised many with the growth in its online sales. For the fourth quarter, earnings were $1.30 per share and total revenue increased by one percent, to.