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- Company News: Wal-Mart (WMT) Posts Q4 Results and Q1 and FY 2017 Guidance
Company News: Wal-Mart (WMT) Posts Q4 Results and Q1 and FY 2017 Guidance
Wal-Mart reported Q4 FY 2016 earnings of $1.49 per share (versus $1.61 in Q4 FY 2015), beating analysts' consensus of $1.44.
The company's quarterly revenues amounted to $128.684 bln (-1.5% y/y), missing consensus estimate of $130.407 bln.
The company also reveals guidance for Q1 and FY 2017. It sees Q1 EPS of $0.80-0.95 versus consensus of $0.91. For FY 2017, the company projects EPS of $4.00-4.30 versus consensus of $4.18 and net sales of $478.6 bln versus consensus of $488.13 bln.
The Board of Directors of Wal-Mart approved an annual cash dividend for FY 2017 of $2.00 per share, an increase of 2% from the $1.96 per share paid for the last fiscal year.
WMT fell to $62.73 (-5.11%) in pre-market trading.
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