Walmart tops Wall Street expectations

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

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Sources: Walmart, TradingView