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Home / Business / Walmart Blasts Q3 Earnings as Online Sales Surge; Boosts FY 2019 Profit Guidance

Walmart Blasts Q3 Earnings as Online Sales Surge; Boosts FY 2019 Profit Guidance



Walmart (WMT) posted stronger than expected third quarter earnings.

Walmart said his book has come to $ 1.08 per share, well ahead of the $ 1.01 per share consensus. Group sales, Walmart said, rose 1.4% to 124.9 billion. Walmart said, revenues rose 2.4% to $ 125.1 billion. E-commerce sales, Walmart said, rose 43% from the same period last year, well ahead of analysts' forecasts. Walmart said: "We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the US".

We're accelerating innovation and using technology to shape the future of retail, "said CEO Doug McMillon. We're making shopping at Walmart faster and easier. Our associates are equipped with the tools to serve customers better than ever before, and they're doing a great job , and we'll provide busy families with another important gift ̵

1; time back in their day. "

Walmart shares were marked 1.6% higher in pre-market trading following the earnings release, indicating an opening bell price of $ 103.18 each, a move that will take its year-to-date gain to 4% and value the Bentonville, Ar. -based retail giant just over $ 305 billion.

Walmart said same-store sales in the United States rose 3.4% from the same period last year, well ahead of the 2.8% forecast, to $ 80.58 billion, while international net sales slipped 2.6 % to $ 28.79 billion.


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