Wal-mart (WMT) Tops Q3 EPS by 3c; Raises Outlook
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Walmart U.S. Q3 comps grew 2.7% and Walmart U.S. eCommerce sales grew 50%, Company reports Q3 FY18 GAAP EPS of $0.58; Adjusted EPS of $1.00, The company now expects full-year GAAP EPS of $3.84 to $3.9
November 16, 2017 7:01 AM ESTThe company's third-quarter GAAP EPS was adjusted for three items. A charge of $0.29 for loss on extinguishment of debt in connection with the company's recently completed debt tender offer, a charge of $0.09 based on discussions with government agencies regarding the possible resolution of the FCPA matter, and a charge of $0.04 based on the decision to exit certain properties in one of the company's international markets. Total revenue was $123.2 billion, an increase of $5.0 billion, or 4.2%. Excluding currency, total revenue was $122.7 billion, an increase of $4.5 billion, or 3.8%. Walmart U.S. comp... More
