Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,369.44
    +201.37 (+0.50%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    69,985.04
    -820.79 (-1.16%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,535.77
    +5.17 (+0.34%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Walmart Reports Better-than-Expected Third Quarter Profit

Investing.com - Walmart (NYSE:WMT) reported mixed third-quarter earnings on Thursday as profit beat consensus but revenue settled below analysts' estimates.

The firm reported earnings per share of $1.08 on revenue of $124.9 billion. Analysts polled by Investing.com forecast EPS of $1.01 on revenue of $125.39 billion.

“We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S.,” Walmart chief executive and president Doug McMillon said in a press release. "We're making shopping at Walmart faster and easier.”

At 7:27 AM ET (12:27 GMT), Walmart stock (NYSE:WMT) gained 0.61% to $102.20. As of Wednesday’s close, shares were up 2.82% year-to-date, outperforming the Dow 30 which is up 1.09% so far this year.

Walmart follows other major services sector earnings this month

On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58 billion, compared to forecasts of EPS of $3.08 on revenue of $57.11 billion.

ADVERTISEMENT

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Related Articles

Futures rise on trade hope, Walmart inches higher after results

J.C. Penney same-store sales miss estimates by big margin

Walmart's third-quarter comparable sales top estimates, e-commerce jumps