Key Takeaways
- Walmart shares rose more than 5% early Tuesday, as the retailer posts higher-than-forecast earnings and sales for its fiscal fourth quarter.
- Walmart said it expects consolidated net sales to rise 4% to 5% in its fiscal first quarter.
- The retailer also announced plans to buy smart TV maker Vizio for $2.3 billion as part of moves to boost its advertising business.
Walmart Inc. (WMT) reported 澳洲幸运5开奖号码历史查询:better-than-forecast results for its fiscal fourth quarter, as the big-box retailer benefited from consumers watching their spending amid still elevated inflation levels.
Shares in the company, which also announced a $2.3 billion deal to buy smart-television maker Vizio (VZIO), rose more than 5% in early trading Tuesday. Vizio shares jumped 15% higher before the bell.
Walmart's net income fell to $5.49 billion, or $1.80 per share, above analyst projections of $4.36 billion or $1.61 per share. Sales rose 6% to $173.39 billion for the three months ending January—when the company's fiscal year renews. The company said it expects consolidated net sales to rise 4% to 5% in its fiscal first quarter.
Walmart is buying Vizio for $11.50 per share in cash, to expand its advertising business. The acquisition will provide the retailer with “a profitable advertising business th🎐at is rapidly scaling,” Seth Dallaire, executive vice president and chief revenue officer of Walmart U.S. said in a statement.
Q4 Fiscal 2024 | Analyst Estimates for Q4 Fiscal 2024 | Q4 Fiscal 2023 | Year-over-year % change | |
---|---|---|---|---|
Revenue | $173.39 billion | $170.33 billion | $164.05 billion | 6% |
Earnings Per Share | $1.80 | $1.61 | $2.32 | -22% |
Net Income | $5.49 billion | $4.36 billion | $6.28 billion | -12% |
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