Walmart: Fiscal 2Q Earnings Snapshot
Posted Aug 15, 2019 08:12:11 AM.
This article is more than 5 years old.
BENTONVILLE, Ark. (AP) _ Walmart Inc. (WMT) on Thursday reported fiscal second-quarter net income of $3.61 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the Bentonville, Arkansas-based company said it had profit of $1.26. Earnings, adjusted for non-recurring costs, came to $1.27 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The world’s largest retailer posted revenue of $130.38 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $130.49 billion.
Walmart shares have climbed 14% since the beginning of the year, while the Standard & Poor’s 500 index has risen 13%. The stock has climbed 17% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at https://www.zacks.com/ap/WMT
The Associated Press
