Walmart Earnings, Revenue Beat in Q2
2022.08.16 14:42
Walmart Earnings, Revenue Beat in Q2
Investing.com – Walmart (NYSE:WMT) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Walmart announced earnings per share of $1.77 on revenue of $152.86B. Analysts polled by Investing.com anticipated EPS of $1.63 on revenue of $150.93B.
Walmart shares are down 8% from the beginning of the year, still down 17.52% from its 52 week high of $160.77 set on April 21. They are outperforming the S&P 500 which is down 9.84% from the start of the year.
Walmart follows other major Consumer Staples sector earnings this month
Walmart’s report follows an earnings missed by Procter&Gamble on July 29, who reported EPS of $1.21 on revenue of $19.52B, compared to forecasts EPS of $1.22 on revenue of $19.4B.
Nestle ADR had matched expectations on July 28 with third quarter EPS of $2.18 on revenue of $24.41B, compared to forecast for EPS of $2.18 on revenue of $23.59B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
