Walmart stock jumps after earnings blow past estimates, online sales nearly double

Walmart Inc. WMT, -0.58% stock jumped 5.5% in Tuesday premarket trading after the retail giant reported second-quarter earnings and sales that blew past Street estimates. Net income totaled $6.48 billion, or $2.27 per share, up from $3.61 billion, or $1.26 per share, last year. Adjusted EPS of $1.56 far exceeded the FactSet consensus for $1.25. Revenue of $137.74 billion was up from $130.38 billion last year and ahead of the FactSet consensus for $135.57 billion. U.S. same-store sales rose 9.3% with general merchandise and food leading the way. U.S. e-commerce sales nearly doubled, up 97%. Sam's Club sales fo#StockMarket#r the quarter totaled $16.4 billion with U.S. same-store sales excluding fuel rising 13.3%. Walmart stock has gained 14.1% for the year to date while the Dow Jones Industrial Average DJIA, -0.35% has dropped 2.4% for the period.

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