Walmart Reports Q2 Loss, But Higher Sales; Shares Rise

Faizan Hashmi Published August 16, 2018 | 07:11 PM

Walmart reports Q2 loss, but higher sales; shares rise

Walmart reported much higher second-quarter sales and robust growth in its e-commerce businesses Thursday, even as it reported a loss on one-time costs associated with selling a Walmart Brazil stake.

New York, (UrduPoint / Pakistan Point News - 16th Aug, 2018 ) :Walmart reported much higher second-quarter sales and robust growth in its e-commerce businesses Thursday, even as it reported a loss on one-time costs associated with selling a Walmart Brazil stake.

The world's biggest retailer scored its most robust jump in more than 10 years in US comparable store sales, sending shares sharply higher. But it reported an $861 million loss following pre-tax costs of $4.8 billion on the Brazil sales

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