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Walmart same store sales growth continues

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Walmart same store sales growth continues

NEW YORK (AP) – Walmart is posting its sixth straight quarter of same-stores sales growth and profits topped Wall Street expectations.

The company on Thursday reported first quarter net income of $3.84 billion, or $1.33. Earnings, adjusted for non-recurring gains, came to $1.13 per share. That beat per-share earnings projections by 11 cents, according to a survey of industry analysts by Zacks Investment Research.

The world’s largest retailer had revenue of $123.93 billion, missing forecasts for $125.33 billion.

Walmart Inc., based in Bentonville, Arkansas, stuck to its outlook for the year.

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Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at https://www.zacks.com/ap/WMT

Copyright © 2019 The Washington Times, LLC.

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