Wal-Mart Reports Advancing Revenue and Same-store Sales, Rising Devidend
Shares of Wal-Mart Stores Inc. rose in premarket trade on Tuesday following the company’s Q4 earnings report that showed advancing revenue and same-store sales.
The retailing corporation witnessed profit reached $3.8 billion, or $1.22 per share in the three-month period to January, down from $4.6 billion, or $1.43 per share during the same quarter a year ago. Adjusted for one-time items, earnings were $1.30, above analysts’ $1.28 earnings consensus.
Meanwhile, revenue was reported to hit $130.9 billion in the quarter, up 1% compared with hit $130.9 billion in the quarter. Domestic same-store sales rose 1.8%.
Wal-Mart on Tuesday announced a 2% dividend increase to $2.04 a share annually, stating that it forecast earnings per share for the fiscal year 2018 to be in the range of $4.20 to $4.40.
Buy Stop at 71.50, Take profit 72.50, Stop loss at 71.00