logo
Share SHARE
FONT-SIZE Plus   Neg

Walmart Posts Higher Q4 Profit; Ups Annual Dividend 18% - Quick Facts

Retail giant Wal-Mart Stores, Inc. (WMT) reported a rise in fourth-quarter income from continuing operations attributable to the company to $5.61 billion, or $1.67 per share, from $5.19 billion, or $1.51 per share a year ago. On average, 22 analysts polled by Thomson Reuters expected earnings per share of $1.57 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly net sales reached $127.1 billion, up 3.9 percent from $122.3 billion in last year's fourth quarter. On a constant currency basis, net sales would have increased 3.7 percent to $126.8 billion. Total revenue for the period was $127.9 billion, a 3.9 percent increase year-over-year. Analysts estimated revenues of $128.77 billion for the quarter.

Looking ahead to the first quarter of fiscal 2014, the company expects earnings per share to range between $1.11 and $1.16, while 19 analysts anticipate first-quarter earnings of $1.18 per share.

For fiscal 2014, earnings per share are estimated to range between $5.20 and $5.40, including increased fiscal 2014 costs of some $0.09 per share for e-commerce operations. Analysts project earnings of $5.37 per share for fiscal 2014.

In addition, the board approved an annual cash dividend for fiscal 2014 of $1.88 per share, around 18 percent increase from the $1.59 per share paid in fiscal 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Microsoft Corp. (MSFT) has cut the price of Xbox One bundles by $50 ahead of next month's Electronic Entertainment Expo. The 500GB Xbox One bundled with either Quantum Break, Gears of War: Ultimate Edition, The Lego Movie Videogame, Forza Motorsport 6, Rise of the Tomb Raider, or Rare Replay is now... Red-hot Las Vegas beat other big cities to become the best and most budget-friendly summer travel destination this year, according to financial website WalletHub. WalletHub's Shares of Allergan plc rose in early trades Tuesday after billionaire investor Carl Icahn said he recently acquired a "large position" in the Botox maker and was very supportive of CEO Brent Saunders. Icahn did not disclose details of the stake he acquired in Allergan.
comments powered by Disqus
Follow RTT