Walmart surges after reporting its best holiday quarter in years
Walmart finally gave the U.S. retail sector some good news.
The company brushed off the industry's disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector's outlook for 2019. Comparable sales for Walmart stores in the U.S.a key performance barometerrose 4.2 percent in the quarter that included Christmas, beating analysts' estimates by a full percentage point.
"This is a blockbuster quarter for Walmart," Moody's analyst Charlie O'Shea said in an interview.