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
PEP Earnings: All you need to know about PepsiCo’s Q3 2024 earnings results
PepsiCo, Inc. (NASDAQ: PEP) reported its third quarter 2024 earnings results today. Net revenue dipped 0.6% to $23.3 billion compared to the same period a year ago. Organic revenue growth
Walgreens Boots Alliance’s Q4 results likely to reflect market challenges
Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been struggling to maintain sales momentum and profitability for quite some time due to a challenging operating environment. The main headwinds to the
Bank earnings preview: What to expect when the banking giants report Q3 2024 results
A slew of major banks are set to report their earnings results for the third quarter of 2024 over this week and the next. The focus will be on interest
