Trending: Walmart 2Q Sales, Profit Rise
August 16 2022 - 2:38PM
Dow Jones News
2:08 p.m. ET -- Walmart Inc. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Walmart earlier Tuesday said
second-quarter net income rose to $5.15 billion, or $1.88 a share,
from $4.28 billion, or $1.52 a share, in the prior-year period.
Adjusted earnings per share were $1.77 and revenue rose 8.4% to
$152.86 billion. The retailer said it expects third-quarter sales
growth of 5% and sales growth of 5.5% for fiscal year 2023.
Adjusted earnings per share are seen declining 9% to 11% for both
the third quarter and year. Dow Jones & Co. owns Factiva.
(jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
August 16, 2022 14:23 ET (18:23 GMT)
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