Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade WMT now with 

Retail giant Wal-Mart Stores, Inc. (WMT: Quote) 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.

Register
To receive FREE breaking news email alerts for Wal-Mart Stores Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After showing a notable move to the downside in early trading, stocks have regained some ground over the course of the trading day on Monday. The markets have maintained a negative bias, however, keeping the major averages in the red. After reporting a sharp jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing that pending home sales unexpectedly saw a notable pullback in the month of June. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.