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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.
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Walmart reporta un Q3 fuerte, con ventas en un 5,5%, superando las expectativas y eleva las previsiones anuales.