Wal Mart more optimistic than at the start of 2021, shares jump
Walmart blew past analysts' forecasts for its first quarter and sounded a confident note on the outlook.
Dow Jones I.A.
43,444.99
04:30 15/10/20
n/a
n/a
Wal-Mart Stores Inc.
$84.25
11:09 15/11/24
-0.26%
-$0.22
The discount retailer posted quarterly sales of $138.3bn, beating estimates for $132.1bn and the $134.6bn year earlier figure.
That saw it deliver adjusted earnings per share of $1.69, ahead of analysts' estimates for EPS of $1.21.
What's more, the company said it was more optimistic than at the start of 2021, amid encouraging traffic and grocery trends.
The news was pushing its shares 2.69% higher to $142.62 as of 1215 BST.