Walmart earnings beat estimates

BENTONVILLE, Ark. — Walmart reported Q2 revenues of $130.4 billion, coming out on top of an estimated $130.08 billion in a Bloomberg survey. Adjusted earnings per share of $1.27 similarly bested the forecast of $1.22 per share. Same-store sales increased by 2.8%, compared to an expected 2.5% increase. Online sales for the quarter soared by 37%, with the strength of the grocery category a strong contributor. Sam’s Club online sales rose by 35%.