Company News: Wal-Mart (WMT) quarterly earnings beat analysts’ forecast

Market news

15 August 2019

Company News: Wal-Mart (WMT) quarterly earnings beat analysts’ forecast

Wal-Mart (WMT) reported Q2 FY 2020 earnings of $1.27 per share (versus $1.29 in Q2 FY 2019), beating analysts’ consensus estimate of $1.22.

The company’s quarterly revenues amounted to $130.400 bln (+2.6% y/y), generally in line with analysts’ consensus estimate of $129.318 bln.

The company also said FY 2020 adjusted EPS is now expected to range between a slight decrease and a slight increase compared with FY19 adjusted EPS. Prior guidance was down low single digits. Analysts’ consensus calls for EPS decline of 1.4%.

WMT rose to $112.83 (6.24%) in pre-market trading.

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