date:Feb 20, 2019
online base of customers and is now attracting both younger and more affluent demographics, Saunders said.
These are early days but as we have noted before, Walmart is now a serious contender in the online space and presents a much more serious threat to Amazon than it did 18 months ago.
Walmart's results translated to earnings per share of US$1.41, above the US$1.33 expected by analysts. Revenues also topped estimates.
Shares finished the day with a gain of 2.2 percent at US$102.20.