Investing.com - Walmart (NYSE:WMT) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.16 on revenue of $128B. Analysts polled by Investing.com expected EPS of $1.09 on revenue of $128.57B. That compared to EPS of $1.08 on revenue of $124.89B in the same period a year earlier. The company had reported EPS of $1.27 on revenue of $130.4B in the previous quarter.
For the year, Walmart shares are up 29.88%, outperforming the S&P Global (NYSE:SPGI) 100 which is up 20.98% year to date.
Walmart follows other major Services sector earnings this month
On Thursday, October 24, 2019, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Alibaba ADR earnings beat analyst's expectations on Friday, November 1, 2019, with second quarter EPS of $13.1 on revenue of $119.02B. Investing.com analysts expected EPS of $10.75 on revenue of $116.96B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar