Walmart Has Another Good Quarter

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Walmart Has Another Good Quarter

08/19/2016

Net income, at $3.8 billion, was up 8.6 percent; revenue, at $120.9 billion, was up 0.5 percent; and comps rose 1.6 percent, the eight consecutive quarter of growth. Earnings reached $1.21 per share, almost 19 percent higher than analysts’ estimates. Walmart executives attributed the good performance to several factors, including increased development of e-commerce capabilities, cleaner stores, effective discounting and more emphasis on service.