Company News: Wal-Mart (WMT) Q2 EPS beat analysts’ estimate

Market news

18 August 2016

Company News: Wal-Mart (WMT) Q2 EPS beat analysts’ estimate

Wal-Mart reported Q2 FY 2017 earnings of $1.07 per share (versus $1.08 in Q2 FY 2016), beating analysts' consensus estimate of $1.02.

The company's quarterly revenues amounted to $119.405 bln (+0.1% y/y), in-line with analysts' consensus estimate of $119.327 bln.

Wal-Mart increased its FY2017 EPS projection to $4.15-4.35 from $4.00-4.30.

WMT rose to $75.40 (+3.39%) in pre-market trading.

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