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Walmart Earnings, Revenue Beat in Q3 -Breaking


© Reuters. Walmart Beats Revenue in Quarter 3

Walmart (NYSE:) announced Tuesday the results of its third quarter. The company beat analysts’ estimates and generated more revenue than expected.

Walmart reported earnings per share at $1.45 for revenue of $140.5B. Investing.com polled analysts and predicted an EPS of $1.4 for revenue of $135.42B.

Walmart shares have risen 1% since the start of 2019, but are still down 4.39% from their 52-week high of $153.66, which was set December 1, 2020. They are under-performing the S&P Global 100 which is up 20.88% from the start of the year.

Walmart is following other large Consumer Staples sectors earnings this month

Walmart reported on the earnings match by Nestle on October 20. Nestle reports EPS $2.31 for revenue $23.42B. Walmart forecasts an EPS $2.31 for revenue $22.82B.

Procter&Gamble had beat expectations on October 19 with first quarter EPS of $1.61 on revenue of $20.34B, compared to forecast for EPS of $1.59 on revenue of $19.83B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.