Company news: Walmart (WMT) quarterly results slightly beat analysts’ forecasts

Walmart (WMT) reported Q3 FY2024 earnings of $1.53 per share (versus $1.50 per share in Q3 FY2023), marginally beating analysts’ consensus estimate of $1.52 per share.

The company’s quarterly revenues amounted to $160.800 bln (+5.2% y/y), slightly beating analysts’ consensus estimate of $159.651 bln.

The company also issued guidance for the full FY2024, seeing EPS of 6.40-6.48 versus its previous guidance of $6.36-6.46 and analysts’ consensus estimate of $6.50 and revenues of +5.0-5.5% y/y to $641.6-644.6 bln versus previous guidance of +4.0-4.5% y/y and analysts’ consensus estimate of $642.32 bln.

WMT fell to $156.75 (-7.67%) in pre-market trading.