Walmart Q3 Adj EPS $1.53 Beats $1.52 Estimate, Sales $160.80B Beat $159.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Walmart (NYSE:WMT) reported Q3 adjusted earnings per share (EPS) of $1.53, slightly beating the consensus estimate of $1.52. The company's sales for the quarter were $160.80 billion, surpassing the expected $159.55 billion. These figures represent a 2% increase in EPS and a 5.23% increase in sales compared to the same period last year.
November 16, 2023 | 12:03 pm
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Walmart's Q3 earnings and sales exceeded analyst expectations, with a slight increase in EPS and a more significant rise in sales compared to the previous year.
Beating both earnings and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The growth over the previous year's figures further reinforces the company's positive trajectory.
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