Wal Mart posts better-than-expected Q2 sales and profits
Wal-Mart Stores Inc.
$84.83
11:09 08/11/24
1.17%
$0.98
Retail giant Wal Mart delivered better-than-expected quarterly earnings and sales, while raising its forecasts for the latter in 2023.
Dow Jones I.A.
43,988.99
04:30 15/10/20
n/a
n/a
The US retailer posted second quarter sales of roughly $152.9bn (FactSet: $150.99bn), for earnings per share of $1.88 (consensus: $1.62).
In the comparable year ago period, Wal Mart reported sales of $141.05bn and EPS of $1.52.
The company also raised its guidance for growth in full-year 2023 EPS from -11.0-13.0% to -9.0-11.0%.
As of 1250 BST, shares of Wal Mart were trading up by 3.67% to $137.46.
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