Tuesday, February 21, 2017

Wal-Mart Q4 Profit Down, But Results Top Estimates

Wal-Mart Stores Inc. (WMT) reported a profit for the fourth-quarter of fiscal year 2017 that declined 17.9 percent from last year, while quarterly revenue increased 1.0%. Excluding currency, total revenue was up 3.0%. Both adjusted earnings per share and adjusted revenues topped analysts' expectations.

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