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.
41,941.95
04:30 15/10/20
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Wal-Mart Stores Inc.
$92.83
06:30 10/01/25
1.12%
$1.03
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.