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Walmart announces $ 20 billion share repurchase plan

Walmart announced today that it has approved a new $ 20 billion share repurchase plan, on Wall Street.

New York, Oct 10 (EFE) .- The giant supermarkets Walmart announced today the approval of a new stock buyback plan to which it will allocate about 20,000 million dollars, and its stock market was soaring on Wall Street.

The US multinational said in a statement of its plans for the future and said that plan to compensate shareholders taking advantage of the excess liquidity it has will last two years.

Walmart also reaffirmed its forecasts for the fiscal year 2018 as a whole, which it hopes to close with a net profit per share of $ 4.18 to $ 4.28, and expects to increase those earnings by 5% by 2019.

"We are having a good time in business, executing our strategy and moving with speed to win with customers, "Doug McMillon, president and CEO, said in the same statement.

of Arkansas said it now expects its online sales in the United States to increase 40% during the next fiscal year, while expecting its total sales to grow around Walmart, the world's largest retailer with a presence in the Americas, Asia and Europe, has a staff of more than two million employees and currently has a Stocks worth more than $ 250 billion.

His plans were well received by investors, and shares of Walmart, one of the 30 stocks in the Dow Jones, soared 4.47% before the equator of the day and have already accumulated a strong rise of 21% since the beginning of the year.

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