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

Market news

16 August 2018

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

Wal-Mart (WMT) reported Q2 FY 2019 earnings of $1.29 per share (versus $1.08 in Q2 FY 2018), beating analysts' consensus estimate of $1.22.

The company's quarterly revenues amounted to $127.059 bln (+4.2% y/y), beating analysts' consensus estimate of $124.666 bln.

The company also raised FY 2019 EPS guidance to $4.90-5.05 from prior guidance of $4.75-5.00 (versus analysts' consensus forecast of $4.80) and the U.S. comparable sales growth guidance to +~3% y/y from prior guidance of + 2% y/y.

WMT rose to $98.70 (+9.40%) in pre-market trading.

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