Walmart posts another strong quarter as prices begin to cool
ABC News
Walmart reported another quarter of stellar results, ending the year on a high note as its low prices attract shoppers looking for deals in a still economically challenging environment
NEW YORK -- Walmart reported another quarter of stellar results, ending the year on a high note as its low prices attract shoppers looking for deals in a an economically challenging environment for many.
Shares still rose more than 2% before the opening bell Tuesday.
The company also confirmed that it would buy smart TV maker Vizio.
Shoppers have remained resilient, propped up by a strong labor market and steady wages. But Americans pulled back on spending in January after the holiday season splurge.
Walmart, based in Bentonville, Arkansas, is among the first batch of major U.S. retailers to report quarterly results. Industry analysts are dissecting the data, seeking to shed more light on how consumers are feeling, particularly after the government reported a significant decline in consumer spending last month.
