00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Walmart raised its full-year outlook after second quarter revenue beat Wall Street expectations,
00:08and global e-commerce sales jumped 23%, according to CNBC.
00:13Revenue rose 5.9% to $187.94 billion, topping estimates of $186.77 billion,
00:21while adjusted earnings were $0.81 per share.
00:24U.S. comparable sales increased 2.6% below the 3.5% growth expected.
00:31Walmart now expects annual net sales to rise 4% to 5% and adjusted earnings of $2.80 to
00:39$2.87 per share.
00:41The retailer said it was eligible for about $2.9 billion in tariff-free funds
00:46and plans to use the funds to lower prices.
00:50Global advertising revenue increased 38%,
00:53while membership fee revenue rose 17% as Walmart continued to gain higher-income customers.
00:59For all things money, visit Benzinga.com.
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