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Walmart: Fiscal Q1 Earnings Snapshot

May 17, 2022 GMT

BENTONVILLE, Ark. (AP) _ Walmart Inc. (WMT) on Tuesday reported fiscal first-quarter net income of $2.05 billion.

On a per-share basis, the Bentonville, Arkansas-based company said it had net income of 74 cents. Earnings, adjusted for non-recurring costs, came to $1.30 per share.

The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The world’s largest retailer posted revenue of $141.57 billion in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $138.27 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at https://www.zacks.com/ap/WMT