Skip to main content

Market Overview

UPDATE: Wal-Mart Posts Rise In Q2 Profit, Lowers Full-Year Forecast

Share:

Wal-Mart Stores (NYSE: WMT) reported a rise in its fiscal second-quarter profit.

Wal-Mart's quarterly profit surged to $4.07 billion, or $1.24 per share, from $4.02 billion, or $1.18 per share, in the year-ago period. Excluding one-time items, Wal-Mart earned $1.25 per share, versus analysts' estimates of $1.25 per share.

Its revenue increased 2.3% to $116.9 billion from $114.3 billion, while same-store sales dropped 0.3%.

Wal-Mart lowered its full year earnings forecast to $5.10 to $5.30 per share, versus its earlier outlook of as much as $5.40 per share. It expects Q3 profit of $1.11 to $1.16 per share, versus analysts' estimates of $1.17 per share.

Wal-Mart shares fell 1.83% to $75.00 in pre-market trading.

 

Related Articles (WMT)

View Comments and Join the Discussion!

Posted-In: profitEarnings News Guidance

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com