16.05.2024 13:08:50 - dpa-AFX: Walmart Inc. Q1 Profit Increases, Beats Estimates
BENTONVILLE (dpa-AFX) - Walmart Inc. (WMT) announced earnings for its first
quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $5.10 billion, or $0.63 per share. This
compares with $1.67 billion, or $0.21 per share, in last year's first quarter.
Excluding items, Walmart Inc. reported adjusted earnings of $0.60 per share for
the period.
Analysts on average had expected the company to earn $0.52 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 6.0% to $161.51 billion from $152.30
billion last year.
Walmart Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $5.10 Bln. vs. $1.67 Bln. last year.
-EPS (Q1): $0.63 vs. $0.21 last year.
-Revenue (Q1): $161.51 Bln vs. $152.30 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.62 to $0.65
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