Tuesday, February 20, 2018

Walmart Q4 Profit Misses Estimates; Lowers FY19 Sales Growth Outlook

Walmart Inc. (WMT) reported fourth-quarter adjusted profit per share of $1.33 compared to $1.30, prior year. On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $1.37 for the quarter. Analysts' estimates typically exclude special items. The company said it is currently analyzing the accounting impact of the Tax Act, but its analysis is incomplete. As a result, Walmart has recorded a provisional benefit of $207 million for the fourth quarter.

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