Walmart (WMT) Stock Falls After Weak Profit Outlook Overshadows Strong Q4 Sales

TLDR Walmart Q4 U.S. comparable sales rose 4.6%, beating the 4.4% estimate, with U.S. online sales jumping 27% Net income fell 19.4% to $4.24 billion due to equity investment losses Full-year EPS guidance of $2.75–$2.85 missed analyst estimates of $2.97 For the first time, Walmart’s annual revenue ($713.2B) trailed Amazon’s ($716.9B) WMT stock slumped ~3.5% [...]

The post Walmart (WMT) Stock Falls After Weak Profit Outlook Overshadows Strong Q4 Sales appeared first on Blockonomi.