Walmart (NYSE: WMT) stock jumped about 6% in the pre-market trading hours after the company reported better-than-expected second quarter 2021 financial results. The retail giant’s adjusted EPS of $1.56 and revenue of $137.7 billion excelled analysts’ estimates.
On a GAAP basis, earnings soared 80% to $2.27 per share. Walmart US eCommerce sales grew 97% with strong results across all channels.
Walmart U.S. comp sales increased by 9, led by strength in general merchandise and food.
WMT stock had gained 14% since the beginning of this year and 20% in the past 12 months.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was