Categories AlphaGraphs, Earnings, Retail
Earnings: Walmart (WMT) Q3 results beat estimates; US comps up 8.2%
Retail giant Walmart Inc. (NYSE: WMT) on Tuesday reported impressive earnings and revenue growth for the third quarter of 2023. The numbers also came in above the consensus estimates.
Third-quarter earnings, excluding special items, rose to $1.50 per share from $1.45 per share in the corresponding period of 2022. It was also above the experts’ projection. On an unadjusted basis, the company reported a net loss of $1.79 billion or $0.66 per share, compared to a profit of $3.11 billion or $1.11 per share a year earlier.
At $152.8 billion, total revenues were up 8.7% year-over-year during the three-month period, which is also above the estimates. U.S comparable store sales increased by 8.2%.
Check this space to read management/analysts’ comments on Walmart’s Q3 results
Walmart’s stock gained Tuesday morning soon after the earnings announcement, after closing the previous session lower.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Autodesk (ADSK) is expected to report higher Q3 revenue and profit
Autodesk, Inc. (NASDAQ: ADSK) is all set to publish third-quarter financial results next week, amid expectations of a year-over-year increase in revenue and profit. The shift to a cloud-based model
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the