Walmart posts 450 million in income, rebounding from $1.8 billion loss last year

World's largest retailer sees 5.2% year-on-year increase in $160.8 billion in total revenues

By Ovunc Kutlu

ANKARA (AA) - Walmart saw more than $450 million in income during the August-October period, according to financial results statement released Thursday.

Consolidated net income attributable to the US-based global retailer came in at $453 million for the three months that ended Oct. 31, which is a strong recovery from almost $1.8 billion in losses during the same period last year.

The world's largest retailer also saw a 5.2% year-on-year increase in total revenues, which climbed to $160.8 billion, up from $152.8, during the period.

Despite positive financial results, Walmart's stock price was down more than 7.4% to $157.12 at 1.20 p.m. EDT on the New York Stock Exchange.

Kaynak: