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Walmart (NYSE:WMT) reported quarterly fourth-earnings of $1.38 per share on Tuesday, missing the analyst consensus estimate of $1.44 by 4.17%. This is a 2.13% decrease from earnings of $1.41 per share in the same period last year.
The company reported quarterly sales of $141.7 billion, missing the analyst consensus estimate of $142.64 billion by 0.66%. This is a 2.09% increase over sales of $138.793 billion in the same period last year.
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Disruption in Chile negatively affected operating income by approximately $110 million, the retailer said.
The business disruption in Chile and a legal matter lowered adjusted EPS by about 5 cents, according to Walmart. The company raised its quarterly dividend from 53 cents to 54 cents per share.
Walmart stock was trading down 0.75% at $117.01 in Tuesday's premarket session. The stock has a 52-week high of $125.38 and a 52-week low of $96.53.
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Photo courtesy of Walmart.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.