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Investing.com – Walmart reported on Tuesday fourth quarter that missed analysts’ forecasts and revenue that fell short of expectations.
Walmart announced earnings per share of $1.38 on revenue of $141.7B. Analysts polled by Investing.com anticipated EPS of $1.44 on revenue of $142.57B. That with comparison to EPS of $1.41 on revenue of $138.8B in the same period a year before. Walmart had reported EPS of $1.16 on revenue of $128B in the previous quarter. Analysts are expecting EPS of $1.16 and revenue of $127.49B in the upcoming quarter.
Walmart shares are down 0% from the beginning of the year , still down 5.97% from its 52 week high of $125.38 set on November 14, 2019. They are under-performing the S&P Global 100 which is up 4.14% year to date.
Walmart follows other major Services sector earnings this month
Walmart’s report follows an earnings beat by Amazon.com on January 30, who reported EPS of $6.47 on revenue of $87.44B, compared to forecasts EPS of $4.04 on revenue of $86.03B.
Alibaba ADR had beat expectations on Thursday with third quarter EPS of $18.19 on revenue of $161.46B, compared to forecast for EPS of $15.91 on revenue of $159.7B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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