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.

Walmart Q3 2023 earnings infographic

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

  • Walmart-Q2-2023-Earnings-Infographic
  • Walmart Q1 2023 Earnings Infographic
  • Walmart reports Q4 2022 earnings results
  • Walmart Q3 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Earnings Preview: What to look for when Broadcom (AVGO) reports Q1 results

Broadcom, Inc. (NASDAQ: AVGO) will be releasing its first-quarter results next week. Over the years, the company constantly broadened its portfolio beyond semiconductors to areas like enterprise software solutions, a

Here’s a look at Lowe’s (LOW) expectations for the near term and ahead

Shares of Lowe’s Companies, Inc. (NYSE: LOW) were up over 1% on Friday. The stock has gained 19% over the past three months. The home improvement retailer saw sales and

TJX Companies (TJX) Q4 2024 profit jumps on strong revenue growth

The TJX Companies, Inc. (NYSE: TJX) has reported a double-digit increase in net income for the fourth quarter of 2024 when the fashion retailer's net sales grew 13%. Fourth-quarter sales

Add Comment
Viewing Highlight