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5/16/2019, 1:05 PM (Source: TeleTrader)
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Walmart reports EPS at $1.33 in Q1, up 84.7% YoY

American retail giant Walmart Inc. reported on Thursday its GAAP earnings per share (EPS) for the first quarter of the fiscal year 2020 stood at $1.33, rising 84.7% compared to the same period a year ago. The company said its total revenues for the first three months of the year amounted to $123.9 billion, up 1% year on year.

Walmart said its operating income was $4.1 billion for the first quarter of this year, increasing 5.5% compared to the same period last year while net income for the first three months of this year amounted to $3.8 billion, marking a rise of 80% year over year.

"We're changing to enable more innovation, speed and productivity, and we're seeing it in our results. We're especially pleased with the combination of comparable sales growth from stores and eCommerce in the U.S. Our team is demonstrating an ability to serve customers today while building new capabilities for the future, and I want to thank them for a strong start to the year," said the company's CEO Doug McMillon.

Following the release of corp​orate results, Walmart shares gained 1.12% during the premarket trade on Wall Street.

Breaking the News / VK