Investing.com - Walmart (NYSE:WMT) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Walmart announced earnings per share of $1.53 on revenue of $152.87B. Analysts polled by Investing.com anticipated EPS of $1.49 on revenue of $151.74B.
Walmart shares are up 16% from the beginning of the year, still down 12.48% from its 52 week high of $152.57 set on August 18, 2021. They are outperforming the DAX which is down 3.17% from the start of the year.
Walmart follows other major Consumer Staples sector earnings this month
Walmart's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of $0.45 on revenue of $9.47B, compared to forecast for EPS of $0.4118 on revenue of $8.99B.
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