Wal-Mart Stores 4Q Profit Beats Estimates But Same-Store Sales And Revenue Misses
February 21, 2013 11:36 PM EST
Wal-Mart Stores, Inc. (NYSE:WMT), the world’s largest retailer, reported fourth-quarter earnings up 8.6 percent, beating Wall Street expectations despite lower revenue than analysts were anticipating.
The Bentonville, Ark., company also boosted its fiscal 2014 full-year dividend 18 percent.
In its fiscal 2013 fourth-quarter, which ended Jan. 31, 2013, Wal-Mart earned $5.61 billion, or $1.67 per share, compared with $5.16 billion, or $1.51 per share, in the year-earlier period.
Analysts polled by Bloomberg News expected $1.57 per share, and Wal-Mart had forecast earnings per share for the three-month period of $1.53 to $1.58 per share.
Revenue rose 3.9 percent to $127.10 billion from $122.29 billion in the year-earlier period.
To contact the editor, e-mail:
Most Popular Slideshows
- Reasons Why Michael Jordan Is Better Than LeBron James [PHOTOS And VIDEO]
- Dwyane Wade, Joe Johnson, Amare Stoudemire Among Worst Contracts In The NBA (Part 2 - Eastern Conference)
- Brawl-Marred Game in NFL Week 3: Philadelphia Eagles 37, Washington Redskins 34 [PHOTOS]
- NFL Monday Night Football Recap: Chicago Bears 27, New York Jets 19
Join the Conversation
- Nexus 6, 8 Release Date is Halloween 2014 as Android L Intro Set for October 16
- New Samsung Galaxy Note 4 and Galaxy S5 Android 5.0 L Killer Features, Encryption and More
- Moto G 2014 v Asus Zenfone 5 – Specification Comparison Shows Zenfone 5 Is A Good Alternative for Moto G
- Android 5.0 L Nexus 4, Nexus 5, Nexus 7 Release in October, Google Employees Offer Hint
- U.S and Canada Fighter Jets Chase Out Russian Jets Near Alaska: Air Space Violation Not Confirmed
- Microsoft Doubles OneDrive Space To 30GB Due To iOS 8 Update Issues
- Nexus 8, Nexus 9 Release Date, Device Name And Price Conundrum: What To Expect?