Walmart just announced its Q3 financial results.
The big box retailer reported earnings of $1.08 per share, which was slightly better than the $1.07 per share expected by analysts. This was up from $0.97 in the same quarter a year ago.
Revenue was a bit light, coming in at $113.9 billion versus estimates for $114.9 billion.
U.S. comparable store sales excluding gas climbed 1.7 percent. Analysts were looking for a 2.3 percent gain.
Bloomberg reports that management raised the low end of their earnings guidance range. They now expect to earn $4.88-$4.93 per share for the full year. However, the analysts were looking for $4.94 per share.
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