Walmart ()'s third-quarter earnings solidly topped analyst predictions as the company posted strong advertiser sales to third-party sellers on its marketplace, despite lacklu💖ster consumer spending and reduceꦇd grocery sales.

Walmart posted net income of $453 million, representing 17 cents per share. Revenue surged by 5.2% to $160.80 billion as the company expanded its revenue streams into sales of data and ads.

E-commerce bolstered much of the company's earnings, as it grew 15% globally, led by a 24% jump in the U.S. alone that was buoyed by pickup and delivery services.

Walmart said that comparable store sales were up by 4.9% YOY in its namesake stores and 3.8% in its Sam's Club stores, bolstered by food and health care products sales. However, weak consumer spending has weighed on the big-box retailers at the end of the quarter and Walmart is no exception.

Cost-conscious customers have trimmed discretionary spending, already evidenced by weak sales in competitors like Target (), which 澳洲幸运5官方开奖结果体彩网:reported earnings earlier in the week. Walmart was cautious in its guidance amid these headwinds, raising its net sales g💜uidance for the fiscal year to 5.0% to 5.5%. It also pushed its adjusted EPS outlook to a range of꧒ $6.40 to $6.48, which is lower than analyst expectations.

Walmart shares fell 7.3% on the tentative guidance. The company is still 🍸🅷up 9.5% so far this year.