• Company News: Wal-Mart (WMT) quarterly earnings beat analysts’ estimate

Market news

19 February 2019

Company News: Wal-Mart (WMT) quarterly earnings beat analysts’ estimate

Wal-Mart (WMT) reported Q4 FY 2019 earnings of $1.41 per share (versus $1.33 in Q4 FY 2018), beating analysts’ consensus estimate of $1.33.

The company’s quarterly revenues amounted to $137.743 bln (+1.9% y/y), generally in line with analysts’ consensus estimate of $137.630 bln.

The company also reaffirmed guidance for FY 2020, projecting EPS down low-single digits from $4.91 (versus analysts’ consensus estimate of $4.71) and net sales growth of at least 3% y/y in constant currency.

WMT rose to $104.83 (+4.84%) in pre-market trading.

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