Walmart sales have grown as an essential retailer during the COVID-19 pandemic. The retail giant posted better than expected financial third-quarter results with revenue of $134.7 billion, including $1.1 billion of currency fluctuations. Walmart grew revenue by 5.2% from a year ago and outpaced analysts’ expectations of $132.23 billion.
Earnings consensus was $1.18 per share and Walmart exceeded that at $1.80 per share on a diluted basis before a 34-cent loss from the sale of the Argentine business and an 80-cent charge from unrealized losses on equity investments. Walmart’s adjusted earnings of $1.34 per share were still better than the $1.16 reported a year ago.
https://www.ualrpublicradio.org/post/third-quarter-net-income-56-walmart-revenue-beats-estimates
Third Quarter Net Income Up 56% For Walmart, Revenue Beats Estimates
Walmart sales have grown as an essential retailer during the COVID-19 pandemic. The retail giant posted better than expected financial third-quarter results with revenue of $134.7 billion, including $1.1 billion of currency fluctuations. Walmart grew revenue by 5.2% from a year ago and outpaced analysts' expectations of $132.23 billion.