BENTONVILLE, Ark. — Walmart Inc. today reported fiscal fourth-quarter earnings of $3.56 billion.
The company said it had profit of $1.28 per share. Earnings, adjusted for restructuring costs, came to $1.53 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The world’s largest retailer posted revenue of $152.87 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $151.4 billion.