Walmart earnings, sales exceed expectations

Walmart reported Q3 revenues of $140.53 billion, up by about four percent from $134.7 billion a year ago and beating estimates of $135.6 billion. Adjusted earnings of $1.45 per share were also ahead of the expected $1.40 per share. Overall, net income declined to $3.11 billion (or $1.11 per share), from $5.14 billion ($1.80) in Q3 of 2020. In Canada, comp sales rose by six percent while net sales growth was 5.3 percent.