WalMart (NYSE: WMT) on Thursday reported quarterly earnings that topped analysts' expectations but revenue that fell short due to currency headwinds.
The retailer also raised its forecast for earnings and same-store sales in the U.S. for the full year, having said it expects a strong holiday season.
Here's what WalMart reported compared with what analysts were expecting, based on a survey by Refinitiv:
Earnings per share came in at $1.08, adjusted, vs. the expected $1.01.
Revenue was $124.89 billion vs. $125.55 billion expected, while same-store sales were up 3.4% in the U.S. vs. growth of 3.1% expected
WalMart reported net income for the fiscal third quarter of $1.71 billion, or 58 cents a share, compared with $1.75 billion, or 58 cents per share, a year ago. Excluding one-time items, WalMart earned $1.08 per share, seven cents ahead of analysts' expectations.
Revenue climbed 1.4% to $124.89 billion from $123.18 billion a year ago, falling short of expectations for $125.55 billion. Excluding impacts from currency, revenue was $126.1 billion.
Online sales were up 43% during the third quarter, and experts said the company is still on track to meet its goal of 40% e-commerce sales growth for the full year. A year ago, digital sales climbed 50%, as the company just started to lap its acquisition of Jet.com.
Shares in the retail giant floundered 58 cents to $101.00
