Walmart Beats Expectations

Amid trade wars, negative yield curves in the bond market and recent mass shootings in two of its stores, Walmart delivered strong second-quarter results.

According to Thursday’s earnings release, adjusted earnings per share were $1.27, better than Wall Street’s $1.22 consensus, but still 2 cents lower than the year-ago period.

Net profits for the quarter ending July 31 totaled $3.61 billion on revenue of $130.377 billion, up 1.8% from a year ago. For the first half of fiscal 2020, Walmart’s revenue is $254.3 billion, up 1.4% from the prior year.      MORE

Designed by Reinhold Technology Solutions