Why Walmart's Stock Hit an All-Time High but Target's Slumped on Q3 Earnings [Yahoo! Finance]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Yahoo! Finance
Walmart's shares hit a new record high following its earnings report yesterday, but Target's fell to their lowest point in a year following its results Wednesday. Target's sales and profits fell short of estimates, while Walmart's results surpassed expectations in the third quarter. Both retailers said lower prices and convenience features like curbside pickup and same-day delivery are driving sales, but those trends have seemed to benefit Walmart more in recent quarters. Target ( TGT ) shares sank to their lowest point since last November following the retailer's earnings Wednesday, a day after Walmart ( WMT ) shares set a new record high after the company released its third-quarter report. Target's Q3 results fell short of what analysts had expected, while Walmart's exceeded estimates as executives said the retailer continued to gain market share among higher-income customers. The move marks the second time this year that Target and Walmart shares have moved in opposite dir
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WMT
Earnings
- 11/19/24 - Beat
WMT
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/19/24 - Form 8-K
- WMT's page on the SEC website