Shares of Walmart Inc. (WMT) are rising more than 7% Tuesday morning after reporting better-than-expected third-quarter results. The retail giant also raised its full-year outlook.
The company posted a loss of $1.80 billion or $0.66 per share in the third quarter, compared with profit of $3.11 billion or $1.11 per share in the prior-year quarter.
Results for the latest quarter included $1.11 per share of unrealized losses on equity and other investments and $1.05 per share of charges related to opioid legal settlements.
Excluding items, earnings were $1.50 per share, that beat the average estimate of 29 analysts polled by Thomson-Reuters of $1.32 per share.
Quarterly revenue increased to $152.8 billion from $140.5 billion last year. The consensus estimate was for $147.75 billion.
Looking forward, the company has raised its full-year outlook to reflect strong third quarter results.
For fiscal 2023, the company now projects adjusted earnings per share to decline 6 to 7 percent or 5 to 6 percent, excluding divestitures. Previously, the company expected adjusted earnings to decline about 9 to 11 percent or about 8 to 10 percent, excluding divestitures.
Sales growth outlook for the year has been raised to about '5.5% up' at constant currency from '4.5% up' provided earlier.
WMT is at $148.47 currently. It has traded in the range of $117.27-$160.77 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.