Skip to main content

Market Overview

UPDATE: Wal-Mart Shares Surge On Upbeat Q3 Earnings


Shares of Wal-Mart Stores (NYSE: WMT) gained more than 2% in pre-market trading after the company reported upbeat results for the third quarter.

The Bentonville, Arkansas-based company posted quarterly net income of $3.71 billion, or $1.15 per share, versus $3.74 billion, or $1.14 per share, in the year-ago period.

Its sales climbed to $119 billion from $115.7 billion. However, analysts were expecting earnings of $1.12 per share on revenue of $118.4 billion.

Comparable sales at Walmart US increased 0.5%. Walmart US comp traffic slipped 0.7%, while average ticket rose 1.2%.

Comp sales for the Neighborhood Market format rose around 5.5%, while e-commerce sales globally climbed about 21% on a constant currency basis.

Membership and other income rose 13.9%.

Wal-Mart paid $1.5 billion in dividends and repurchased around 1.1 million shares for $82 million in the quarter.

For the fourth quarter, Wal-Mart expects profit of $1.46 to $1.56 per share. The company expects full-year profit of $4.92 to $5.02 per share, versus its previous forecast of $4.90 to $5.15 per share. Analysts projected Q4 earnings of $1.57 per share and full-year earnings of $4.99 per share.

Doug McMillon, Wal-Mart Stores, Inc. president and CEO said, "We're investing in key areas of our business, including wages in our U.S. stores and in e-commerce and mobile capabilities. We continue to see opportunities to improve our business."

Wal-Mart shares rose 2.13% to $80.89 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.
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