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Walmart raised annual outlook due to strong e-commerce, higher-income spending, and holiday demand, with stock moving to Nasdaq.
Walmart raised its sales and earnings outlook for the year, citing strong e-commerce growth and increased spending from higher-income shoppers, as holiday season demand accelerates.
The retailer reported better-than-expected quarterly results, driven by a trade-down trend where consumers seek value without sacrificing quality.
Walmart also announced plans to move its stock listing from the New York Stock Exchange to Nasdaq.
Shares rose following the announcement.
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Walmart elevó las perspectivas anuales debido al fuerte comercio electrónico, al mayor gasto de ingresos y a la demanda de vacaciones, con las acciones moviéndose hacia Nasdaq.