Walmart reports second-quarter earnings, surpasses Wall Street expectations

BENTONVILLE, Ark. — Walmart Inc. (WMT) on Tuesday reported fiscal second-quarter net income of $5.15 billion.

The Bentonville, Arkansas-based company said it had profit of $1.88 per share. Earnings, adjusted for non-recurring gains, were $1.77 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The world’s largest retailer posted revenue of $152.86 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $151.41 billion.

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