12:02 PM EDT, 08/15/2024 (MT Newswires) -- (Updates to include non-GAAP earnings and net sales, as well as the latest stock price movement.)

Walmart ( WMT ) shares were up 6.4% in recent Thursday trading after the retail giant's fiscal Q2 results topped market expectations and it raised its full-year earnings guidance.

The company reported fiscal Q2 adjusted earnings of $0.67 per diluted share, up from $0.61 a year earlier.

Analysts polled by Capital IQ expected $0.65.

Fiscal Q2 EPS fell to $0.56 from $0.97 a year earlier.

Net sales for the quarter ended July 31 increased 4.7% year-over-year to $167.77 billion.

Analysts surveyed by Capital IQ expected $167.38 billion.

Revenue was $169.34 billion, compared with $161.63 billion a year earlier.

The company said it now expects fiscal 2025 adjusted EPS of $2.35 to $2.43, compared with the previous guidance of $2.23 to $2.37.

Analysts polled by Capital IQ expect $2.42.

The company said it expects fiscal Q3 adjusted EPS of $0.51 to $0.52.

Analysts polled by Capital IQ expect $0.55.

Price: 73.21, Change: +4.55, Percent Change: +6.63