Walmart (WMT) Q3 2022 earnings beat


Walmart‘s fiscal third-quarter earnings on Tuesday topped analysts’ expectations as price-sensitive grocery shoppers flocked to its stores amid rising costs for household staples.

The retailer’s size is helping it manage through snarled supply chains, as it negotiates with manufacturers, bulks up its inventory and charters its own ships to move goods across the globe. Walmart raised its forecast for the year, saying adjusted earnings per share will be around $6.40 versus its prior expectations of between $6.20 and $6.35. 

Shares are up about 1% in premarket trading.

Here’s what the company reported for the fiscal third quarter ended Oct. 31, according to Refinitiv consensus…

Source cnbc.com

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