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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.