No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Retailer Walmart hiked its full-year guidance on Tuesday after Q3 earnings and revenue came in ahead of expectations.
Walmart now expects net sales to grow between 4.8% and 5.1% in FY24, up from previous forecasts of between 3.75% and 4.75%.
As far as Q3 was concerned, the Arkansas-based firm said net income increased to $4.58bn, up from $453.0m at the same time a year earlier, while revenue rose from $160.8bn to $169.59bn.
Same-store sales jumped 5.3% at Walmart, while US e-commerce sales surged 22%.
As of 1455 GMT, Walmart shares were up 3.09% at $87.14 each.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.