NEW YORK (TheStreet) -- Walmart (WMT) shares are up 3.8% to $82.21 in early market trading on Thursday after the company released its third quarter earnings results before the opening bell today.
The company did well in an important retail health measurement, same store sales growth, which rose for the first time in seven quarters. Walmart reported same stores sales growth of 0.5% during the quarter.
Revenue for the period rose to $119 billion from $115.7 billion during the same period last year, coming out ahead of analysts expectations of revenue of $118.32 billion.
The world's largest retailer reported earnings of $3.71 billion for the quarter, or $1.15 per diluted share on an adjusted basis, ahead of analysts $1.12 per share estimates by 3 cents.
TheStreet Ratings team rates WAL-MART STORES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WAL-MART STORES INC (WMT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."