Walmart's (WMT, Financial) stock saw a notable increase, rising 3.95% to $87.404. The retail giant reported third-quarter revenue of $169.5 billion, surpassing analyst estimates of $167.5 billion. Operating profit grew by 8.2% year-over-year to reach $6.7 billion, while net profit rose to $4.58 billion. Adjusted earnings per share were $0.58, exceeding the projected $0.53 and marking a 13.7% increase compared to the previous year.
Looking ahead, Walmart forecasts its full-year adjusted earnings per share to be between $2.42 and $2.47, aligning closely with market expectations of $2.45.
