NEW YORK — Walmart delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it wins over a broad base of shoppers including cash-strapped Americans and the well-heeled, who have grown increasing anxious about the economy.
While other retailers dial back projections, the nation’s largest retailer raised its financial outlook Thursday after its strong third quarter, setting itself up for a strong holiday shopping season.
Walmart Inc., based in Bentonville, Arkansas, also said Thursday that it will be transferring the listing of its common stock to the tech-heavy Nasdaq from the New York Stock Exchange. It expects its common stock to begin trading on the Nasdaq Global Select Market on Dec. 9, under the same ticker symbol “WMT.”
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