US Stock Market Move | Third-quarter revenue and profit exceeded expectations, with Walmart Inc. (WMT.US) rising nearly 4%.
On Tuesday, Walmart (WMT.US) opened higher and rose 3.95%, closing at $87.404.
On Tuesday, Walmart Inc. (WMT.US) opened high and continued to rise, gaining 3.95% to $87.404. In terms of news, Walmart Inc. reported third quarter revenue of $169.59 billion, higher than the estimated $167.49 billion. Operating profit for the third quarter increased by 8.2% year-on-year to $6.7 billion, net profit rose to $4.58 billion, adjusted earnings per share were $0.58, exceeding the estimated $0.53, with a 13.7% year-on-year increase. Walmart Inc. expects adjusted earnings per share for the full year to be between $2.42 and $2.47, slightly higher than the market estimate of $2.45.
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