x
Breaking News
More () »

Walmart releases second-quarter earnings, surpassing Wall Street expectations

Today, Aug. 16, Walmart reported a fiscal second-quarter net income of $5.15 billion.

BENTONVILLE, Ark. — Walmart Inc. (WMT) on Tuesday reported fiscal second-quarter net income of $5.15 billion.

The Bentonville, Arkansas-based company said it had profit of $1.88 per share. Earnings, adjusted for non-recurring gains, were $1.77 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The world's largest retailer posted revenue of $152.86 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $151.41 billion.

Related

Walmart partners with Paramount+ to better compete with Amazon Prime

Follow 5NEWS on social media: Facebook | Twitter | Instagram | YouTube

Download the 5NEWS app on your smartphone:

Stream 5NEWS 24/7 on the 5+ app: How to watch the 5+ app on your streaming device

To report a typo or grammatical error, please email KFSMDigitalTeam@tegna.com.

Before You Leave, Check This Out