Wal-Mart Stores Inc. (NYSE:WMT) 4Q18 Earnings Miss Estimates

Wal-Mart Stores Inc. (NYSE:WMT) reported net income for the fourth quarter of $ 2.18 billion or $ 0.73 per share, compared to income $ 3.76 billion or $ 1.22 per share for the year-ago quarter.

The Bentonville, Arkansas based company recorded fourth quarter adjusted earnings of $ 3.96 billion or $ 1.33 per share.

The total revenue for fourth quarter rose 4% to $ 136.27 billion from $ 130.94 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected WMT to report income of $ 1.37 per share on revenue of $ 134.91 billion for the fourth quarter.

Walmart’s United States comp sales increased 2.6%, and comp traffic increased 1.6%, while Sam’s Club comp sales, excluding fuel, increased 2.4% led by comp traffic growth of 4.3%. On a two-year stack, comp sales growth of 4.4% marked the best performance in eight years.

For the twelve months period, WMT disclosed net income of $ 9.86 billion or $ 3.28 per share from the total revenue of $ 500.34 billion.

At the same time, Wal-Mart Stores Inc. recorded twelve months adjusted earnings of $ 13.30 billion or $ 4.42 per share.

For the full year 2019, WMT expects earnings estimates in the range of $ 4.75 – $ 5.00, including a benefit of approximately $0.05 from currency based on current rates.

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