Walmart delivers another quarter of impressive sales but offers a muted outlook
ABC News
Walmart delivered another standout quarter as the promise of lower prices drew in a broader spectrum of Americans during the critical holiday shopping period, including wealthier households
NEW YORK -- Walmart delivered another standout quarter as the promise of lower prices drew in a broader spectrum of Americans during the critical holiday shopping period, including wealthier households.
The outlook from the Bentonville, Arkansas, company, however, hinted at a volatile economic environment ahead on Thursday.
Shares dipped almost 3% before the opening bell.
Walmart reported fourth quarter earnings of $4.24 billion, or 53 cents per share for the quarter ended Jan. 31. Adjusted per-share results were 74 cents, a penny better than Wall Street expected, according to FactSet.
Last year, the company reported net income of $5.25 billion, or 65 cents per share.
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