Walmart misses on fourth-quarter earnings as guidance shy of forecast

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Walmart misses fourth-quarter earnings and guidance falls short of forecasts

Walmart WMT, +0.38% reported a rise in fourth-quarter net income as the retailing giant issued guidance that didn't meet analyst estimates. Walmart said its fiscal fourth-quarter ending Jan. 31 net income rose 12% to $4.14 billion, or $1.45 a share, as revenue rose 2.1% to $141.67 billion and U.S. comparable-store sales rose 1.9%. Excluding items including unrest in Chile, Walmart said it would've earned $1.38 a share. Analysts polled by FactSet expected earnings of $1.

#div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; }

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines