Market Overview

UPDATE: Wal-Mart Posts Higher Q4 Profit, Raises Dividend

Related WMT
Don't RATION Me Bro! Port Crisis Gets Real With McDonald's French Fry Shortage
Will Omnichannel Accelerate Big Lots' Turnaround Pace?
In Biggest LBO of '14, BC Partners to Buy PetSmart (Fox Business)

Wal-Mart Stores (NYSE: WMT) reported a rise in its fourth-quarter profit and raised its 2014 fiscal-year dividend by 18%.

Wal-Mart's quarterly income from continuing operations surged 7.9% to $5.6 billion, or $1.67 per share, from $5.19 billion, or $1.51 per share, in the year-ago quarter.

Its net sales climbed to $127.1 billion. However, analysts were expecting earnings of $1.57 per share on sales of $127.83 billion.

Wal-Mart announced its plans to raise its annual FY14 dividend to $1.88 per share versus $1.59 per share in the previous year.

Wal-Mart projects FQ1 earnings of $1.11 and $1.16 per share.

Wal-Mart shares gained 0.42% to $69.50 in pre-market trading.

Posted-In: profitEarnings News Guidance Dividends

 

Related Articles (WMT)

Around the Web, We're Loving...

Get Benzinga's Newsletters