Walmart Inc. on Thursday reported fiscal third-quarter net income of $6.14 billion, or 77 cents per share, up from $4.58 billion, or 57 cents per share, a year ago.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

Bentonville-based Walmart's quarterly revenue was $179.5 billion, also exceeding forecasts. Eight analysts surveyed by Zacks expected $177.14 billion.

It was another standout quarter for the retailer.

With other retailers dialing back projections, the nation's largest retailer raised its financial outlook after its strong third quarter, setting itself up for a strong Christmas shopping season.

Walmart said Thursday that it will be transferring the listing of its common

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