Company News: Walmart (WMT) quarterly earnings miss analysts’ forecasts

Market news

18 February 2020

Company News: Walmart (WMT) quarterly earnings miss analysts’ forecasts

Walmart (WMT) reported Q4 FY 2020 earnings of $1.38 per share (versus $1.41 per share in Q4 FY 2019), missing analysts' consensus estimate of $1.44 per share.

The company's quarterly revenues amounted to $141.700 bln (+2.1% y/y), roughly in line with analysts' consensus estimate of $141.673 bln.

The company also issued in-line guidance for FY 2021, projecting EPS of $5.00-5.15 (versus analysts' consensus estimate of $5.12) and net sales growth +3% y/y in constant currency.

WMT fell to $117.60 (-0.25%) in pre-market trading.

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