Walmart earnings tops expectations, US e-commerce rose 33%

Retailer Walmart reported earnings on Thursday that beat expectations on the top and bottom line.

Here's how the company did compared with what Wall Street expected:

Earnings: $1.14 cents per share vs. $1.12 per share forecast by Thomson Reuters
Revenue: $122.69 billion vs. $120.51 billion forecast by Thomson Reuters
Same-store sales growth 2.1 percent vs. 2.0 percent forecast by Thomson Reuters

Last quarter, Walmart sent shares tumbling when it reported slowing e-commerce sales. Still, the company is taking steps to revitalize its e-commerce arm, particularly in food. The retailer has been re-outfitting its stores to adjust for online delivery and further pushing out its meal kit business.

Meanwhile, Walmart is amid an international transformation, announcing two deals over the past month.

It plans to partially exit its stake in British grocer Asda by merging the business with peer J Sainsbury, it said in April. Earlier this month, it announced a $16 billion acquisition of Indian e-commerce giant Flipkart.

This story is developing. Please check back for updates.

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