Investing

Walmart Misses Estimates (WMT)

Wal-Mart Stores Inc. (NYSE: WMT), the world’s largest retailer, posted fourth quarter and full year results this morning. For the quarter, the company reported EPS of $1.51, which includes about $0.07 of one-time benefits. The adjusted EPS of $1.44 is short of the consensus estimate of $1.46.

Revenue for the quarter came in at $122.3, again short of the consensus estimate of $124.2 billion. For the fiscal year, Walmart reported EPS of $4.54, including one-time benefits of $0.05. The adjusted EPS of $4.49 is exactly in-line with the consensus estimate. Sales fell short however, coming in at $443.9 billion compared with the consensus estimate of $447.3.

For the quarter, Walmart reported same-store sales rose 1.5% year-over-year.

The company guided EPS of $1.01-$1.06 for the first quarter and full-year EPS of $4.72-$4.92. The consensus estimate for EPS is $1.05 for the first quarter and $4.90 for the full year.

Walmart’s forecast is on the light side, and the pre-market is not enthusiastic. Shares are down nearly -2% at $61.32.

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.