BENTONVILLE, Ark. (AP) _ Walmart Inc. (WMT) on Tuesday reported fiscal fourth-quarter net income of $4.14 billion.
On a per-share basis, the Bentonville, Arkansas-based company said it had net income of $1.45. Earnings, adjusted for one-time gains and costs, were $1.38 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The world’s largest retailer posted revenue of $141.67 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $142.41 billion.
Walmart expects full-year earnings in the range of $5 to $5.15 per share.
Walmart shares have declined almost 1% since the beginning of the year, while the Standard & Poor’s 500 index has risen roughly 5%. The stock has risen 18% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at https://www.zacks.com/ap/WMT
The Associated Press