India, May 21 -- Retail behemoth Walmart Inc. on Thursday issued positive second-quarter outlook, and maintained fiscal 2027 outlook, after reporting higher results in its first quarter. eCommerce revenues climbed 26 percent globally with strength across segments.
Meanwhile, the shares were losing around 3 percent in pre-market activity on Nasdaq.
Looking ahead for the second quarter, the company projects adjusted earnings per share to be in the range of $0.72 to $0.74, higher than previous year's $0.68.
Net sales are expected to grow 4 percent to 5 percent and adjusted operating income to grow 7 percent to 10 percent, both in constant currency, from prior year's $175.8 billion and $7.9 billion, respectively.
For fiscal 2027, Walmart co...