Walmart shares hit record-high after strong earnings

By Ovunc Kutlu

ISTANBUL (AA) - Walmart shares hit an intraday record-high level on Thursday after American multinational retail corporation posted strong earnings for the second quarter of this year.

The company's stock price was up 7% to $73.48 per share at 2.40 p.m. EDT on the New York Stock Exchange, after closing Wednesday at $68.66 a share. It climbed to as high as $74.44 during the session.

The world's largest retailer saw its net sales in the US rising 4% to $115.3 billion in the second quarter of its 2025 fiscal year, up from $110.9 billion the same period of last year.

Operating income in the US, meanwhile, increased 8.2% to $6.6 billion from $6.1 billion during that period.

Walmart International saw net sales of $29.6 billion in the second quarter of its 2025 fiscal year -- up 7.2% from $27.6 billion the same period of last year.

Operating income increased 16.6% year-on-year to $1.4 billion from $1.2 billion.