Walmart Q3 Earnings Beat Forecasts as Holiday Shoppers Hunt for Deals
Walmart reported quarterly revenue of $179.5 billion, up 5.8% year over year, and raised its full-year outlook after beating sales estimates. U.S. comparable sales rose 4.5%, and global e-commerce jumped 27%. The company is rolling out deep holiday discounts as shoppers focus on value. Walmart will move its stock listing to Nasdaq in December.