Walmart, the world’s largest retailer, reported better-than-expected earnings during the first quarter, driven by strength in its U.S. e-commerce business.
For the first quarter, Walmart delivered adjusted earnings per share of $1.13, surpassing Wall Street analysts’ expectations of $1.02. Revenue for the quarter came in at $123.9 billion, compared to estimates of $124.94 billion.The closely followed comp sales number came in at 3.4%, marking the best first quarter in 9 years, the retailer noted. The comp store sales number was in-line with expectations.. . . more