Company News: Walmart (WMT) quarterly earnings beat analysts’ forecast

Market news

14 November 2019

Company News: Walmart (WMT) quarterly earnings beat analysts’ forecast

Walmart (WMT) reported Q3 FY 2020 earnings of $1.16 per share (versus $1.08 in Q3 FY 2019), beating analysts’ consensus estimate of $1.09.

The company’s quarterly revenues amounted to $126.981 bln (+2.5% y/y), generally in line with analysts’ consensus estimate of $128.085 bln.

The company also raised its FY 2020 earnings outlook, projecting adjusted EPS, including Flipkart, to be up slightly compared to its prior guidance of down slightly to up slightly.

WMT rose to $124.90 (+3.24%) in pre-market trading.

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