However, the operating result remained stable and Walmart increased its sales more than expected. The stock was in the Thursday trading with discounts and finally went down 2.01 percent at $ 84.40 from the trade.
The operating result of $ 5.15 billion remained almost at the previous year’s level. In contrast, sales increased by 4.4 percent to 122.7 billion dollars. Here, the analysts had predicted 120.5 billion. Like-for-like sales in the US increased by 2.1 percent.
The recently announced acquisition of a $ 16 billion majority interest in the Indian startup Flipkart will reduce earnings per share for the current fiscal year 2018/19 by 25 to 30 cents should the deal be completed by the end of the second quarter. The company will publish an updated outlook with the second quarterly report.
FRANKFURT (Dow Jones)