By Klavs Valters
Walmart Inc. (WMT) reported its third-quarter earnings before the market open on Tuesday. The largest retailer in the world beat Wall Street analyst expectations.
Total revenue was at $140.5 billion in the quarter (up by 4.3% year-over-year) vs. $135.427 billion expected.
Earnings per share at $1.45 a share (up by 8.2% year-over-year) vs. $1.40 a share expected.
”Our momentum continues with strong sales and profit growth globally. Our omnichannel focus is pushing digital penetration to record levels. We gained market share in grocery in the U.S., and more customers and members are returning to our stores and clubs around the world. Looking ahead, we have the people, the products, and the prices to deliver a great holiday season for our customers and members,” Doug McMillon, Walmart President and CEO commented on the latest financial results.
Walmart Inc. chart (1Y)
Shares of Walmart were trading lower during the trading day on Tuesday, down by around 2%. The stock is down by 6.13% in the past year at $142.90 per share at the time of writing this.
Walmart is the 20th largest company in the world and 14th biggest in the United States with a market cap of $405.02 billion.
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Sources: Walmart, TradingView
By Klavs Valters.
Disclaimer: The articles are from GO Markets analysts, based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; should not be taken as either representative of or shared by GO Markets. Advice (if any), are of a ‘general’ nature and not based on your personal objectives, financial situation or needs. You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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