Walmart Q2 results well above expectations

Walmart (WMT.US) stock jumped over 6% in pre-market after company posted better than expected second-quarter results.

Company reported adjusted earnings of $1.56 per share, well above analysts’ expectations of $1.25 per share. Revenue of $137.74 billion easily beat market estimates of $135.48 billion.
U.S. same-store sales rose 9.3% compared to 5.4% expected by StreetAccount survey, boosted by purchases of food and general merchandise. Walmart’s e-commerce sales in the U.S. increased by massive 97% as clients had packages shipped their homes and used curbside pick-up.

Walmart (WMT.US) stock price hit new ATH in pre-market after publication of Q2 results. Source: xStation5

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