Walmart Q3 profits surge 56.2% on strong US sales

Walmart reported another strong quarter Tuesday behind higher US sales and surging e-commerce use amid the upheaval of the coronavirus pandemic.

Net income came in at $5.1 billion, up 56.2 percent from the year-ago period, following a 5.2 percent increase in sales to $134.7 billion in the quarter ending October 31, easily topping analyst estimates. US e-commerce sales jumped 79 percent.