BENTONVILLE, Ark. (AP) _ Walmart Inc. (WMT) on Tuesday reported fiscal second-quarter profit of $6.48 billion.
On a per-share basis, the Bentonville, Arkansas-based company said it had net income of $2.27. Earnings, adjusted for one-time gains and costs, came to $1.56 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The world’s largest retailer posted revenue of $137.74 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $134.88 billion.
Walmart shares have risen 14% since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 5%. The stock has climbed 20% in the last 12 months.