Market Watchers Expect 12% Gain In First Quarter Net Income For Walmart

Walmart Inc. is expected to see net income and revenue rise 12% and 2.5%, respectively, when the retail giant reports first quarter earnings ahead of the market opening on Thursday (May 17).

Walmart benefited from a stronger economy, healthier consumer confidence and lower tax rates but transportation costs and stalling price inflation could curb income more than expected, according to analysts who cover the company.

Some analysts reduced their estimates lower than the consensus per share net income of $1.12 for the period ending April 30. A year ago Walmart reported net income of $1 per share as its operating margins ticked down to 4.65% from the 12-quarter average of 4.77%.    MORE

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