217
Fashion Jobs
Ads
By
Reuters API
Published
Feb 20, 2018
Download
Download the article
Print
Text size

Walmart holiday quarter profit falls, comparable sales beat estimates

By
Reuters API
Published
Feb 20, 2018

U.S. retailer Walmart Inc on Tuesday reported a lower-than-expected quarterly profit even as comparable sales in the U.S. market rose for the 14th consecutive quarter.


Photo: Walmart




Sales at U.S. stores open at least a year rose 2.6 percent, excluding fuel, in the fourth quarter ended Jan. 31. Analysts forecast a gain of 2 percent, according to a poll by research firm Consensus Metrix.

Adjusted earnings per share increased to $1.33 (0.9527 pounds)per share, missing expectations of $1.37 per share, according to Thomson Reuters I/B/E/S.

Online sales grew 23 percent during the quarter, slower than the previous quarter's 50 percent rise.

 

© Thomson Reuters 2024 All rights reserved.