Walmart announced earnings per share of $1.34 on revenue of $134.7B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $132.01B.
Walmart shares are up 28% from the beginning of the year, still down 0.62% from its 52 week high of $153.39 set on November 16. They are outperforming the Dow Jones which is up 4.95% from the start of the year.
Walmart’s report follows an earnings beat by Amazon.com on October 29, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Alibaba ADR had beat expectations on November 5 with second quarter EPS of $18 on revenue of $155.06B, compared to forecast for EPS of $13.82 on revenue of $154.87B.
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