Walmart Earnings Beat Expectations
Walmart Thursday announced a quarterly profit of $3.44 billion, almost exactly flat from the same period last year. Revenue was also nearly flat, dropping just over 1 percent to nearly exactly $100 billion.
"Our earnings exceeded consensus estimates and were at the top of our guidance," Walmart president and chief executive officer Mike Duke said as part of the announcement. "We are pleased with the performance of our operations around the world. We believe that our comparable store sales continued to outperform the retail sector almost everywhere we do business.