From Nasdaq: 2024-05-16 14:59:00

Earnings season has shown accelerated growth, with total earnings up 4.6% from last year for S&P 500 members. Walmart’s strong report adds to positive earnings trends, with 77.6% beating EPS estimates. Excluding one-time charges, earnings growth improves to 7.7%, but drops to -0.4% without Tech sector contributions.

Walmart’s earnings reflect consumer health, driven by high-end market share gains. The retail giant also serves lower income consumers impacted by economic factors. Despite solid earnings, some sectors like Energy have been a drag while Tech has been a major contributor to growth. Overall, the Q1 earnings season looks promising.

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