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Walmart earnings jump 80 per cent to $3.8 billion, US sales strong

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Published: May 16, 2019 5:50:08 PM

An increase of 80 per cent from the year-ago period when results were dented by a one-time earnings hit following US tax reform. Shares rose in pre-market trading.

Walmart, Walmart earning, US sales strong, Walmart shares, market newsWalmart earnings jump 80 per cent to .8 billion, US sales strong (Reuters)

Walmart reported a jump in first-quarter earnings Thursday on higher US store sales and eCommerce growth following heavy investment in new “omnichannel” retail ventures. The world’s biggest retailer reported profits of USD 3.8 billion.

That’s an increase of 80 per cent from the year-ago period when results were dented by a one-time earnings hit following US tax reform.
Shares rose in pre-market trading.

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