Walmart Sees Q2 EPS $0.62-$0.65 vs $0.64 Est., Consolidated Net Sales Up 3.5-4.5%
Portfolio Pulse from Benzinga Newsdesk
Walmart has released its Q2 earnings guidance, projecting EPS between $0.62 and $0.65, compared to the estimated $0.64. The company also expects consolidated net sales to increase by 3.5-4.5%.
May 16, 2024 | 11:07 am
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Walmart's Q2 earnings guidance shows an EPS range of $0.62-$0.65, slightly below the estimated $0.64 at the lower end. However, the company expects consolidated net sales to grow by 3.5-4.5%, indicating positive revenue momentum.
While the lower end of the EPS guidance is slightly below estimates, the upper end meets expectations. The projected increase in net sales suggests positive revenue growth, which is likely to have a favorable impact on the stock price.
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