07:20 AM EDT, 05/16/2024 (MT Newswires) -- Walmart ( WMT ) reported fiscal Q1 adjusted earnings Thursday of $0.60 per diluted share, up from $0.49 a year earlier.

Analysts polled by Capital IQ expected $0.52.

Revenue for the quarter ended April 30 was $161.50 billion compared with $152.30 billion a year earlier.

Analysts polled by Capital IQ expected $158.14 billion.

The company said it expects fiscal Q2 adjusted EPS of $0.62 to $0.65 and net sales growth of 3.5% to 4.5%. Analysts polled by Capital IQ expect $0.64 in adjusted EPS on revenue of $166.25 billion.

For the full fiscal year, Walmart ( WMT ) said it now expects to meet the high-end or "slightly" exceed its initial outlook of $2.23 to $2.37 in adjusted EPS and 3% to 4% in net sales growth. Analysts polled by Capital IQ expect $2.37 in adjusted EPS on revenue of $670.35 billion.

Shares of Walmart ( WMT ) were up more than 5% pre-bell.

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