Walmart (NYSE:WMT) announced that it earned $3.74 billion, or $1.09 per share, in its most recent fiscal quarter, versus $3.39 billion, or 97 cents per share, in the same period last year. Revenue increased by 8.6 percent to $112.2 billion. Analysts had expected Walmart to earn $1.04 per share on revenue of $110.5 billion. The company also said that it expects earnings during the current quarter to be in the range of $1.13 per share to $1.18 per share, while analysts had expected $1.16 per share.
Shares are higher in early trading.
Yesterday, rival Target (NYSE:TGT) announced earnings that also beat Wall Street estimates.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.