Trending: Walmart 1Q Earnings, Revenue Beat Expectations
10:02 ET -- Walmart is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The retailer's net income hit $5.1 billion in the fiscal first quarter, or 63 cents a share, versus a FactSet consensus estimate of 52 cents a share. Revenue grew 6% to $161.51 billion, compared with analyst expectations of $159.6 billion. Walmart expects second-quarter adjusted EPS of 62 cents to 65 cents, compared with the FactSet consensus of 64 cents. It expects full-year adjusted EPS to be at the high-end or slightly above original guidance of $2.23 to $2.37, with net sales at the high end or slightly above the previously expected range of a 3% to 4% increase. Dow Jones & Co. owns Factiva.(zaeem.shoaib@wsj.com)
(END) Dow Jones Newswires
May 16, 2024 10:18 ET (14:18 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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