Amazon overtook Walmart in quarterly revenue in the fourth quarter. Walmart said Thursday (Feb. 20) that it earned $180.5 billion during the quarter, while Amazon said Feb. 6 that it brought in $187.8 billion in the same period, CNBC reported Thursday.
Bill Simon, Former Walmart U.S. CEO, joins 'Closing Bell Overtime' to talk Walmart stock sliding today and what its earnings say about the state of the consumer.
After hitting record highs over the past two sessions, the S&P 500 stepped back Thursday.
Retail giant Walmart (WMT -6.53%) reported fiscal 2025 fourth-quarter earnings on Thursday, Feb. 20, that came in just ahead of analysts' consensus expectations. Adjusted earnings per share (EPS) of $0.66 compared to the analysts' estimate of $0.65.
On today's Wealth, host Brad Smith tackles key market trends while speaking to Wall Street experts. GLOBALT Investments senior portfolio manager Keith Buchanan joins the show to discuss political rhetoric's market impact (^DJI, ^IXIC, ^GSPC), while National Association of Home Builders (NAHB) CEO Jim Tobin shares his outlook on the US housing market.
The discounter has gained traction with upper-income shoppers with a larger online assortment and faster online options, like home deliveries.
People like Walmart's (WMT) prices. But they're also picking the retailer for convenience—and paying more to do it.
As Walmart navigates a shifting trade landscape, the specter of new tariffs imposed by the Trump administration is casting a shadow over the retail giant's hallmark promise: everyday low prices.
U.S. stocks wavered Thursday after a strong run, with weak guidance from Walmart underlining nagging worries about the health of the American consumer.
Walmart was the Dow Jones Industrial Average's worst performer on Thursday, after the big-box retail chain forecast its first year-over-year drop in quarterly profit in three years.
Amazon leapfrogged Walmart in quarterly sales for the first time. Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion in the same period.
I rate Walmart Inc. stock a “sell” due to its high valuation and the unstable market environment, posing a risk if earnings aren't superb. Recent earnings have proven that WMT can't grow like in 2024 forever and pose a correction risk. I am bearish on US large caps, suggesting that even if WMT doesn't correct post-earnings, a downturn is inevitable.