Walmart: Fiscal Q1 Earnings Snapshot
Posted May 18, 2021 08:10:06 AM.
Last Updated May 18, 2021 08:25:16 AM.
BENTONVILLE, Ark. (AP) _ Walmart Inc. (WMT) on Tuesday reported fiscal first-quarter profit of $2.73 billion.
The Bentonville, Arkansas-based company said it had profit of 97 cents per share. Earnings, adjusted for non-recurring costs, came to $1.69 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 $138.31 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $131.34 billion.
Walmart shares have decreased roughly 4% since the beginning of the year, while the S&P’s 500 index has risen 11%. The stock has increased 10% 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
