Mike Mozart
For the quarter that ended on April 30, Walmart reported net income of $5.1 billion, or $0.63 per share, as opposed to $1.67 billion, or $0.21 per share, for the same period the previous year.
FactSet's survey of analysts yielded a consensus estimate of $0.53 per share, but earnings excluding one-time items came in at $0.6 per share.
Walmart's revenue increased from $151 billion a year ago to $159.94 billion this quarter. For that amount, the average market projection was $159.6 billion.
Walmart's comparable sales in the United States climbed by 3.8% in the first fiscal quarter (compared to experts' forecasts of 3.5% growth), while Sam's Club, a small retail chain, had a 4.4% gain (compared to forecasts of 3.5% growth).
The business projects that its adjusted earnings for the second fiscal quarter will be between $0.62-0.65 per share, and for the entire fiscal year, it will be either slightly over or closer to the upper end of its previous guidance range of $2.23-2.37 per share.
source: bloomberg.com
FactSet's survey of analysts yielded a consensus estimate of $0.53 per share, but earnings excluding one-time items came in at $0.6 per share.
Walmart's revenue increased from $151 billion a year ago to $159.94 billion this quarter. For that amount, the average market projection was $159.6 billion.
Walmart's comparable sales in the United States climbed by 3.8% in the first fiscal quarter (compared to experts' forecasts of 3.5% growth), while Sam's Club, a small retail chain, had a 4.4% gain (compared to forecasts of 3.5% growth).
The business projects that its adjusted earnings for the second fiscal quarter will be between $0.62-0.65 per share, and for the entire fiscal year, it will be either slightly over or closer to the upper end of its previous guidance range of $2.23-2.37 per share.
source: bloomberg.com