Walmart Reports Strong Q4 Earnings, Tops Expectations
Walmart Inc. (WMT) posted better-than-expected fiscal fourth-quarter results on Thursday.
Key Metrics:
* Net income: $5.25 billion
* Earnings per share (EPS): $0.65
* Adjusted EPS: $0.66
* Revenue: $180.55 billion
Analyst Expectations:
* EPS: $0.65 (average estimate)
* Revenue: $180.01 billion (average estimate)
Walmart's revenue growth was driven by strong sales at its U.S. stores and e-commerce operations. The company also benefited from its efforts to control expenses.
Outlook:
For the current quarter ending in April, Walmart expects EPS to range from $0.57 to $0.58. The company expects full-year earnings in the range of $2.50 to $2.60 per share.