Retail giant Walmart Inc. (WMT) reported Thursday a profit for the fourth quarter compared to a loss last year, driven by revenue growth and a steep drop in other losses. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The retailer also initiated earnings and net sales growth guidance for the full-year 2023.
"We had another strong quarter to finish off a strong year. We have momentum in our business in all three segments," said Doug McMillon, President and CEO.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.