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Walmart (WMT) Q3 Earnings Beat Estimates on Robust Demand

Nov 17, 2020 - Nasdaq
Mergers and Acquisitions-Financial Results

Walmart Inc. WMT posted another strong quarter with the release of its third-quarter fiscal 2021 numbers. During the quarter, both top and bottom lines beat the Zacks Consensus Estimate and increased year over year. Results continued to benefit from burgeoning demand across categories amid the pandemic. Further, increased stay-at-home trends continued driving the company’s e-commerce sales.

Quarter in Detail

Walmart’s adjusted earnings came in at $1.34 per share, which easily su...