Retail giant Walmart, which is planning to invest in Flipkart, an India-based e-commerce company, reported its fourth quarter 2018 results on Tuesday.
Net income attributable to Walmart plunged 42% year-over-year to $2.18 billion, hurt by restructuring and impairment charges. On a per share basis, profit tanked 40% to $0.73, while adjusted EPS grew 2.3% to $1.33. Revenue grew 4.1% to $136.3 billion.
For the fiscal year 2019, the company targets net sales growth to range between 1.5% and 2% in constant currency and earnings per share to range between $4.75 and $5.00. Walmart expects cash benefit of around $2 billion in FY19 from the recently introduced Republican tax reform.
Most Popular
Colgate-Palmolive (CL) Q3 2024 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its third quarter 2024 earnings results today. Net sales increased 2.4% year-over-year to $5 billion. Organic sales grew 6.8%. Net income attributable to Colgate-Palmolive Company was $737
Key takeaways from Southwest Airlines’ (LUV) Q3 2024 earnings report
Shares of Southwest Airlines Co. (NYSE: LUV) were down over 4% on Thursday. The stock has gained 4% over the past three months. The airline reported its earnings results for
HOG Earnings: A snapshot of Harley-Davidson’s Q3 2024 results
Motorcycle manufacturer Harley-Davidson (NYSE: HOG) Thursday reported a sharp fall in sales and net profit for the third quarter of 2024 amid weak demand. Consolidated net income declined to $119
Comments
Comments are closed.