Thursday, May 16, 2019

Walmart Q1 Profit Beats View, But Revenues Miss

Retail giant Walmart Inc. on Thursday reported an 80 percent surge in profit for the first quarter from last year, reflecting higher revenues and a gain on the company's equity investment in JD.com. Excluding items, adjusted earnings per share beat analysts' expectations, while revenues missed their estimates. The company's shares are gaining more than 1 percent in pre-market activity.

from RTT - Earnings http://bit.ly/2Q3rPar
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