Walmart on Thursday raised its annual forecasts for the second time this year after another strong quarter led by surging online sales, in a signal of confidence headed into the holiday season.

Shares rose 5.9% in early trading after it bumped up its annual net sales forecast to between 4.8% and 5.1%, up from a prior target of 3.75% to 4.75%.

It also lifted its adjusted earnings per share outlook to $2.58 to $2.63, compared with $2.52 to $2.62 previously, and said it will shift its stock listing to the Nasdaq from the NYSE.

"Holiday is off to pretty good start," Chief Financial Officer John David Rainey said on a post-earnings call, pointing to strong Halloween and early Thanksgiving sales. He said the company remains optimistic about shoppers leaning into seasonal holiday events, thoug

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