Article Image
News Link • Economy - Economics USA

Walmart Shares Jump After Q3 EPS Beats, Company Boosts Full-Year Outlook

• Zero Hedge - Tyler Durden

Walmart jumped pre-market after the company reported Q3 EPS that beat expectations and boosted its year end earnings outlook. The largest US retailer reported Q3 adjusted EPS $1.16, stronger than the estimate of $1.09 and 8 cents higher than a year ago on revenue of $127.99 billion, slightly below the consensus est. of $128.67 billion which was a $3.1 billion or 2.5% increase from a year earlier.

Q3 adjusted EPS excluded a non-cash impairment charge of $0.06, net of tax, and an unrealized gain of $0.05, net of tax, on the company's equity investment in JD.com.

While profit margins dipped modestly, down 36bps to 24.5%, the bottom line beat was largely due to the 5.4% drop in the effective tax rate, which declined to 24.1% in Q3.

Comp sales ex gas in the U.S. rose 3.2%, beating the 3.1% consensus growth estimate and marking the 21st straight gain.


Purse.IO Save on All Amazon Purchases