Investing.com - Dow component Wal-Mart reported better-than-expected fourth-quarter earnings, despite missing on revenue figures, it announced early Thursday.
Earlier in the day, in its fourth quarter earnings report, U.S. retail giant Wal-Mart said earnings per share came in at USD1.67, compared to expectations for earnings of USD1.57 per share.
The company’s fourth quarter revenue came in at USD127.1 billion, below expectations for revenue of USD128.47 billion.
The retailer boosted its quarterly dividend to shareholders to USD0.47 per share from USD0.397 per share and added that it bought back shares up to USD2.9 billion during the quarter.
Wal-Mart forecast full-year earnings per share in a range between USD5.20 and USD5.40, compared to expectations for earnings per share of USD5.39.
Following the release of the report, WMT shares declined 0.6% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was lower. The Dow Jones Industrial Average futures pointed to a loss of 0.25% at the open, S&P 500 futures lost 0.25%, while the Nasdaq 100 futures indicated a drop of 0.4% at the open.
Earlier in the day, in its fourth quarter earnings report, U.S. retail giant Wal-Mart said earnings per share came in at USD1.67, compared to expectations for earnings of USD1.57 per share.
The company’s fourth quarter revenue came in at USD127.1 billion, below expectations for revenue of USD128.47 billion.
The retailer boosted its quarterly dividend to shareholders to USD0.47 per share from USD0.397 per share and added that it bought back shares up to USD2.9 billion during the quarter.
Wal-Mart forecast full-year earnings per share in a range between USD5.20 and USD5.40, compared to expectations for earnings per share of USD5.39.
Following the release of the report, WMT shares declined 0.6% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was lower. The Dow Jones Industrial Average futures pointed to a loss of 0.25% at the open, S&P 500 futures lost 0.25%, while the Nasdaq 100 futures indicated a drop of 0.4% at the open.