Walmart reports strong Q3, with sales up 5.5%, beating expectations, and raises annual forecast.

Walmart reported strong third-quarter results, with sales up 5.5% to $169.59 billion and net income at $4.58 billion, or 57 cents per share, surpassing Wall Street's expectations. The company attributes much of its growth to its low prices, which have attracted more cost-conscious shoppers. Adjusted earnings were 58 cents per share, and global e-commerce sales rose by 27%. Walmart raised its outlook for the year, now expecting earnings per share between $2.42 and $2.47, up from its previous forecast.

November 19, 2024
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