Company News: Wal-Mart (WMT) quarterly results beat analysts’ expectations

Market news

16 November 2017

Company News: Wal-Mart (WMT) quarterly results beat analysts’ expectations

Wal-Mart (WMT) reported Q3 FY 2018 earnings of $1.00 per share (versus $0.98 in Q3 FY 2017), beating analysts' consensus estimate of $0.97.

The company's quarterly revenues amounted to $122.236 bln (+4.2% y/y), beating analysts' consensus estimate of $120.233 bln.

The company also issued upside guidance for FY2018, projecting EPS of $4.38-4.46 (up from $4.30-4.40) versus analysts' consensus estimate of $4.38.

WMT rose to $94.27 (+4.94%) in pre-market trading.

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