2/19/2019, 1:03 PM (Source: TeleTrader)
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Walmart reports revenue of $138.8B in Q4

Wal-Mart Stores Inc. reported on Tuesday that is revenue in the fourth quarter of fiscal 2019 amounted to $138.8 billion, rising 2% compared to the same period a year ago and topping market estimates. GAAP diluted earnings per share (EPS) surged 74% year on year to $1.27, while adjusted EPS stood at 1.41 in the three month period. Net income soared 70% to $3.7 billion and operating income jumped 36% compared to the same quarter in fiscal 2017 to $6.1 billion.

For the full fiscal 2019, Walmart's revenue rose by 3% to $514.4 billion, while operating income increased 7% to $22 billion. GAAP EPS in the twelve-month period stood at $2.26, dropping 31% from $3.28 achieved in fiscal 2019, and net income declined 32% to $6.7 billion.

"We had a good year, and I want to thank our associates for their great work and openness to change," CEO Doug McMillon stated. "Progress on initiatives to accelerate growth, along with a favorable economic environment, helped us deliver strong comp sales and gain market share," he added.

Walmart shares climbed 4% in premarket trading on better-than-expected results.

Breaking the News / NP