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
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's
PepsiCo (PEP) to report Q1 earnings next week. Here’s what to expect
PepsiCo, Inc. (NASDAQ: PEP) is preparing to report first-quarter results on April 23, before the opening bell. Of late, the food and beverage giant has been busy aligning its business
What to expect when Southwest Airlines (LUV) reports Q1 2024 earnings results
Shares of Southwest Airlines Co. (NYSE: LUV) were up 2% on Thursday. The stock has dropped 8% over the past one year. The airline is scheduled to report its first
Comments
Comments are closed.