finance
Walmart Reports Q1 Sales Growth but Lowers Full-Year EPS Guidance
Walmart posted stronger-than-expected U.S. comparable-store sales in the first quarter. Full-year earnings guidance came in below Wall Street expectations, and shares declined.
May 21, 11:07 AM·1m read1 source
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Walmart reported first-quarter results that showed sales growth above analyst forecasts in the United States while issuing full-year earnings guidance below consensus estimates.
U.S. 1 percent in the quarter. The figure exceeded analyst models, according to Seeking Alpha.
1 billion.
Global advertising revenue from Walmart Connect increased 37 percent.
80. 92. Shares declined following the report. Seeking Alpha Quant Rating assigned the stock a Hold rating, citing an F valuation grade offset by solid financial momentum.
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