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Flipkart deal may negatively impact EPS by $0.25-0.30, says Walmart

Updated : May 18, 2018 06:21 AM IST

The US-based company has reported better-than-expected revenue numbers in the first quarter with total revenue growing 4.4% to $122.7 billion.
On the deal with Flipkart in India, Walmart President and CEO Doug McMillon said e-commerce in India is growing rapidly and it expects the segment to grow at four times the rate of overall retail.
Flipkart deal may negatively impact EPS by $0.25-0.30, says Walmart
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