Walmart Fiscal 4Q Earnings Snapshot

BENTONVILLE, Ark. (AP) _ Walmart Inc. (WMT) on Tuesday reported fiscal fourth-quarter profit of $3.69 billion.The Bentonville, Arkansas-based company said it had net income of $1.27 per share. Earnings, adjusted for non-recurring costs, were $1.41 per share.The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.The world’s largest retailer posted revenue of $138.79 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $139.3 billion.Walmart shares have increased slightly more than 7 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 11 per cent. The stock has fallen roughly 5 per cent in the last 12 months._____This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on WMT at Associated Press

About the Author: admin

Leave a Reply

Your email address will not be published. Required fields are marked *