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Walmart: Fiscal Q2 Earnings Snapshot

By AP News - Aug 15, 2024, 07:12 AM ET
Last Updated - Aug 15, 2024, 07:12 AM EDT
Walmart: Fiscal Q2 Earnings Snapshot

BENTONVILLE, Ark. (AP) — BENTONVILLE, Ark. (AP) — Walmart Inc. (WMT) on Thursday reported fiscal second-quarter net income of $4.5 billion.

On a per-share basis, the Bentonville, Arkansas-based company said it had net income of 56 cents. Earnings, adjusted for non-recurring costs, came to 67 cents per share.

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The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The world's largest retailer posted revenue of $169.34 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $168.5 billion.

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