Walmart sales, earnings growth beats estimates

Walmart this week said its Q1 earnings came to $1.67 billion, or $0.62 per share, or $1.47 per share on an adjusted basis. The retail giant came out well ahead of a $1.32 estimate as well as the previous Q1’s earnings of $2.05 billion ($0.74 per share). Sales rose by 7.6 percent to $152.3 billion, also beating estimates. In Canada, net sales rose 6.7 percent to $5.5 billion while comp sales were up by the same percentage.