Raised Full-Year Outlook Sends Walmart Shares Higher

Walmart shares jumped over 2% on Thursday on better-than-feared results after Home Depot Inc (NYSE:HD) and Target Corp (NYSE:TGT) earnings reports failed to entice Wall Street. The company’s U.S. comparable sales, excluding gas, rose 7.3% to top the average analyst estimate for a growth of 5.1%. “We had a strong quarter. Comp sales were strong globally with eCommerce up 26%. We leveraged expenses, expanded operating margin, and grew profit ahead of sales,” said Doug McMillan, Walmart President and CEO. Strong Q1 Results Pave the Way for Outlook RaiseWalmart posted an adjusted EPS of $1.47, hig…

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