Company News: Wal-Mart (WMT) Q1 results beat analysts’ estimates

Market news

19 May 2016

Company News: Wal-Mart (WMT) Q1 results beat analysts’ estimates

Wal-Mart reported Q1 FY 2016 earnings of $0.98 per share (versus $1.03 in Q1 FY 2015), beating analysts' consensus of $0.88.

The company's quarterly revenues amounted to $114.986 bln (+0.9% y/y), beating consensus estimate of $112.676 bln.

The company also issued upside guidance for Q2, projecting EPS of $0.95-1.08 versus analysts' consensus estimate of $0.98.

WMT rose to $68.95 (+9.18%) in pre-market trading.

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