Walmart holiday quarter profit falls, comparable sales beat estimates

Walmart holiday quarter profit falls, comparable sales beat estimates

FILE PHOTO: The logo of Walmart is pictured at a store in Monterrey, Mexico February 12, 2018. Picture taken February 12, 2018. REUTERS/Daniel Becerril
NEW YORK: U.S. retailer Walmart Inc on Tuesday reported a lower-than-expected quarterly profit even as comparable sales in the U.S. market rose for the 14th consecutive quarter.Sales at U.S. stores open at least a year rose 2.6 percent, excluding fuel, in the fourth quarter ended Jan. 31. Analysts forecast a gain of 2 percent, according to a poll by research firm Consensus Metrix.Adjusted earnings per share increased to US$1.33 per share, missing expectations of US$1.37 per share, according to Thomson Reuters I/B/E/S.Online sales grew 23 percent during the quarter, slower than the previous quarter's 50 percent rise.(Reporting by Nandita Bose in New York, editing by Louise Heavens)
Source: Reuters
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