Wal-Mart Stores, Inc. (NYSE: WMT) on Thursday reported fiscal fourth-quarter earnings excluding items of $1.60 per share as revenue rose 1.4 percent to $129.7 billion, compared with earnings of $1.67 a year earlier. Meanwhile, comparable sales at its U.S. stores declined 0.4 percent during the previous quarter.
Wall Street had expected the world’s largest retailer to report earnings excluding items of $1.59 a share on $130.23 billion in revenue, according to analysts polled by Reuters. The company also said it expects a profit of $5.10 to $5.45 per share this year.
On Thursday, shares of Wal-Mart fell 2.19 percent to $73.21 in morning trading.
Video Credit: Reuters
