U.S. Stock Market News | Q2 revenue increased by 4.8%, Walmart surged over 6%

On Thursday, Walmart opened higher and rose, with the stock up over 6% to $73.205 as of the time of writing. The company's second-quarter revenue was $169.34 billion, a year-on-year increase of 4.8%; adjusted operating profit increased by 7.2% to $790 million, with adjusted earnings per share of $0.67. Walmart stated that comparable sales in the U.S. market in the previous quarter increased by 4.2%, mainly driven by growth in both sales volume and transaction volume. International sales at Walmart grew by 8.3%, with comparable sales in the Chinese market increasing by 13.8%, mainly due to strong growth in Sam's Club stores and e-commerce. In addition, Walmart raised its full-year sales outlook, expecting a sales growth of 3.75%-4.75% for the year, up from the previous forecast of 3%-4%; and anticipates third-quarter revenue growth of 3.25%-4.25% with adjusted earnings per share of $0.51-$0.52