Walmart earnings beat estimates

BENTONVILLE, Ark. ― Strong grocery sales in the U.S. helped Walmart to come out on top of expectations for its Q3 results. Net income rose to $3.29 billion, or $1.15 a share, compared with $1.71 billion ($0.58) a year ago. Overall revenues increased by 2.5% to $127.99 billion from $124.89 billion for the same period in 2018, missing estimates of $128.65 billion. U.S. same-store sales were up 3.2%, a greater increase than the forecast 3.1% hike.