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.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.