Walmart Q1 international sales $28.8 bln vs. $30.3 bln; FactSet consensus $29.5 bln

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Walmart shares up 2% premarket as profit beat weighs against sales miss

Walmart Inc. shares rose 2% in premarket trade Thursday after the retail giant topped profit estimates for the first quarter, while sales fell short. Bentonville, Arkansas-based Walmart said it had net income of $3.842 billion, or $1.33 a share, in the quarter, up from $2.134 billion, or 72 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.13, ahead of the $1.02 FactSet consensus. revenue rose 1% to $123.9 billion, missing the FactSet consensus of $125.3 billion. U.S. same-store sales rose 3.4%, ahead of the 3.2% FactSet consensus. E-commerce sales rose 37%, thanks to strength in grocery, as well as home and fashion on Walmart.com. Same-store sales at Sam’s Club rose 0.3%, while e-commerce sales rose 28%. Lower tobacco sales shaved 270 basis points off same-store sales. Shares have gained 16% in the last 12 months, while the Dow Jones Industrial Average has gained 3.6% and the S&P 500 has gained 4.7%.

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