Amazon Surpasses Walmart in Revenues for First Time

More growth is ahead for Amazon stock, an expert predicts.
Amazon Surpasses Walmart in Revenues for First Time
Amazon employees load packages on carts at an Amazon delivery station in South Gate, Calif., on July 16, 2024. Richard Vogel/AP Photo
Andrew Moran
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Amazon crushed Wall Street expectations in the last quarter, surpassing Walmart in revenues for the first time. Investors, however, were disappointed by the earnings report’s lackluster forward guidance.

The online retail king reported revenues of $187.8 billion, slightly higher than the consensus forecast of $187.3 billion.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."