Walmart Inc. (WMT) has announced its third-quarter earnings, which have shown a significant increase compared to the same period last year and have surpassed Wall Street expectations. The company reported a net income of $4.577 billion, or $0.57 per share, up from $453 million, or $0.06 per share, in the previous year's third quarter.
After excluding certain items, Walmart's adjusted earnings stood at $0.58 per share for this period. This performance exceeded the average analyst forecast of $0.53 per share, as compiled by Thomson Reuters, which typically does not factor in special items.
For the quarter, Walmart's revenue experienced a 5.5% growth, reaching $169.588 billion, up from $160.804 billion in the same period last year.
Key Highlights of Walmart Inc.'s Performance (GAAP):
- Earnings for Q3 were $4.577 billion, compared to $453 million last year.
- Earnings per Share (EPS) for Q3 were $0.57, versus $0.06 a year ago.
- Revenue for Q3 was $169.588 billion, compared to $160.804 billion last year.
