Walmart beats estimates in Q3

BENTONVILLE, Ark. — Walmart’s reported Q3 revenues were up 5.2 percent to $134.71 billion, outperforming estimates of $132.23 billion. Operating income rose by 22.5 percent to $5.79 billion, while adjusted earnings of $1.34 per share beat estimates of $1.18. Same-store sales in the U.S. increased by 6.4 percent, excluding fuel. In Canada, operating income declined but both sales and comp sales increased by 7.7 percent, while online sales soared by 177 percent.