Walmart is raising its outlook for the year after beating all expectations for the second quarter and registering the strongest same-store sales growth in a decade.
Shares surged 7 percent before the opening bell Thursday.
The Bentonville, Arkansas, retailer had a loss of $861 million, or 29 cents because of some sizeable investments. Adjusted for those one-time costs, however, per-share earnings were earnings were $1.29 per share, easily topping Wall Street projections of $1.21 per share, according to Zacks Investment Research.
FILE- This July 19, 2018, file photo shows a display of scented markers and crayons in a Walmart in Pittsburgh. Walmart Inc. reports earnings on Thursday, Aug. 16. (AP PhotoGene J. Puskar, File)
Walmart Inc. posted revenue of $128.03 billion, also beating projections.
Sales at existing stores jumped 4.5 percent and e-commerce sales grew 40 percent.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at https://www.zacks.com/ap/WMT
PORT ST. LUCIE, Fla. (AP) — Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
The 15-year-old son of Tiger Woods tied for 61st among the 74 players who finished. The top five advanced to regional qualifying.
Woods shot 40 on the front nine, opening bogey-double bogey. He followed a birdie on the par-3 fifth with another double bogey. He shot 41 on the back with three bogeys and a double bogey.
The U.S. Open will be played June 13-16 at Pinehurst No. 2 in North Carolina.
Woods also struggled in February in a pre-qualifier for the PGA Tour's Cognizant Classic, taking a 12 on a hole and shooting a 16-over 86 at Lost Lake Golf Club in Hobe Sound.
Woods has played the 36-hole PNC Championship with his father the last four years in a scramble format.
AP golf: https://apnews.com/hub/golf
FILE - Charlie Woods tees off during the final round of the PNC Championship golf tournament Sunday, Dec. 17, 2023, in Orlando, Fla. Charlie Woods, the 15-year-old son of Tiger Woods, failed to qualify for his first U.S. Open after shooting 9-over 81 on Thursday, April 25, 2024, at Legacy Golf & Tennis Club in Port St. Lucie, Florida.(AP Photo/Kevin Kolczynski, File)
