Walmart tops estimates as sales grew 8% in quarter

Walmart Inc (NYSE: WMT) on Tuesday topped Wall Street expectations as its sales grew more than 8% in the second quarter.

In the quarter ended July 31, the retailer posted revenue of $152.86 billion, higher than expectations of $150.81 billion, according to Refinitiv.

Net income of Walmart rose to $5.15 billion for the quarter, or $1.88 per share, compared with $4.28 billion, or $1.52 per share a year earlier.

US same-store sales grew 6.5% in the second quarter, higher than the 5.9% growth that analysts expected, according to StreetAccount.