YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Wal-Mart Stores Inc. beat analysts' expectations in three key categories.
Earnings per share were $1, excluding items, above analysts' expectations of 97 cents per share. Revenue was $123.18 billion, above estimates of $121 billion. U.S. same-store sales, excluding fuel, rose 2.7 percent. Analysts expected a 1.8 percent increase.
"Existing customers have become advocates for popular initiatives like online grocery and free two-day shipping, and as a result, new customers, suppliers and partnerships are coming to Wal-Mart," CEO Doug McMillon said in a statement.
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