Mubasher: US-based Walmart Stores Incorporation on Thursday reported net profits of $1.75 billion in the third quarter of the fiscal year 2017/2018, compared to AED 3.03 billion in the year-ago period.
Despite the profit decline, Walmart’s revenues jumped 4.2% year-on-year to $123.18 billion in Q3-17/18, according to a company statement.
Walmart’s sales in the US rose 2.7%, compared to an expected rate of 1.7%, the company added.
Earnings per share (EPS) grew to $1, in comparison with the forecasted $0.97.
Source:
Mubasher