BENTONVILLE, Ark. (AP) _ Wal-Mart Stores Inc. (WMT) on Thursday reported fiscal fourth-quarter earnings of $4.57 billion.
On a per-share basis, the Bentonville, Arkansas-based company said it had net income of $1.43. Earnings, adjusted for one-time gains and costs, came to $1.49 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The world’s largest retailer posted revenue of $129.67 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $130.35 billion.
Wal-Mart expects full-year earnings to be $4 to $4.30 per share.
Wal-Mart shares have increased roughly 8 per cent since the beginning of the year, while the Standard & Poor’s 500 index has declined roughly 6 per cent. The stock has decreased 23 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at http://www.zacks.com/ap/WMT
Keywords: Wal-Mart Stores, Earnings Report, Priority Earnings