ARKANSAS, USA — Walmart Inc. on Thursday reported fiscal second-quarter net income of $4.5 billion.
On a per-share basis, the Bentonville, Arkansas-based company said it had net income of 56 cents. Earnings, adjusted for non-recurring costs, came to 67 cents per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The world's largest retailer posted revenue of $169.34 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $168.5 billion.
For the current quarter ending in October, Walmart expects its per-share earnings to range from 51 cents to 52 cents.
The company expects full-year earnings in the range of $2.35 to $2.43 per share.
Watch 5NEWS on YouTube.
Download the 5NEWS app on your smartphone:
Stream 5NEWS 24/7 on the 5+ app: How to watch the 5+ app on your streaming device
To report a typo or grammatical error, please email KFSMDigitalTeam@tegna.com and detail which story you're referring to.
