Categories AlphaGraphs, Earnings, Retail

WMT Earnings: Walmart Q3 profit, revenue top expectations; US comps up 9.2%

Walmart Inc. (NYSE: WMT) on Tuesday reported impressive earnings and revenue growth for the third quarter of 2022. The numbers also came in above the consensus estimates, sending the retail giant’s stock higher in the pre-market session soon after the announcement.

Walmart Q3 2022 earnings infographic

Third-quarter earnings, excluding special items, rose to $1.45 per share from $1.34 per share in the corresponding period of 2021. It was also above experts’ projection. Unadjusted net income was $3.1 billion or $1.11 per share, compared to $5.14 billion or $1.80 per share a year earlier.

At $140.5 billion, total revenues were up 4.3% year-over-year during the three-month period, which is above the estimates. U.S comparable store sales increased 9.2%.

Read management/analysts comments on Walmart’s Q3 results

Walmart’s stock gained Tuesday morning immediately after the earnings announcement, after closing the previous session lower.

Prior Performance

  • Walmart Q2 2022 earnings
  • Walmart Q4 2021 earnings
  • walmart Q3 2021 earnings

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

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