Open live CFD account Try free demo
Call: 1800 885 571 Mail: support@gomarkets.com
Login Open account
Login Open account
Login Open account
News & analysis
Try free demo Open account
News & analysis
Try free demo Open account

Walmart tops Wall Street expectations

17 November 2021 By Klavs Valters

Share

Walmart Inc. (WMT) reported its third-quarter earnings before the market open on Tuesday. The largest retailer in the world beat Wall Street analyst expectations.

Total revenue was at $140.5 billion in the quarter (up by 4.3% year-over-year) vs. $135.427 billion expected.

Earnings per share at $1.45 a share (up by 8.2% year-over-year) vs. $1.40 a share expected.

”Our momentum continues with strong sales and profit growth globally. Our omnichannel focus is pushing digital penetration to record levels. We gained market share in grocery in the U.S., and more customers and members are returning to our stores and clubs around the world. Looking ahead, we have the people, the products, and the prices to deliver a great holiday season for our customers and members,” Doug McMillon, Walmart President and CEO commented on the latest financial results.

Walmart Inc. chart (1Y)

Shares of Walmart were trading lower during the trading day on Tuesday, down by around 2%. The stock is down by 6.13% in the past year at $142.90 per share at the time of writing this.

Walmart is the 20th largest company in the world and 14th biggest in the United States with a market cap of $405.02 billion.

You can trade Walmart Inc. (WMT) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Click here for more information. Trading Derivatives carries a high level of risk.

Sources: Walmart, TradingView

Ready to start trading?

Try free demo Open account

The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.

#Economy #Economics #Finance #Markets