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Wal-Mart Tops Sales Expectations, Sending Stock Soaring

Wal-Mart Tops Sales Expectations, Sending Stock Soaring

The company reported the earnings of $0.98/Share in the last quarter where the estimated EPS by analysts was $0.96/share. That compares with $4.57 billion, or $1.43 per share, a year ago.

In the fourth quarter, Wal-Mart has generated $11.9 billion in operating cash flow and has returned $3.6 billion to shareholders through dividends and share repurchases.

That foundation means Wal-Mart is finally "playing offence", said Peter Benedict, an analyst at Baird Equity Research.

Wal-Mart Stores Inc. (NYSE:WMT) reported its previous quarter on 11/17/2016 where it reported the Actual Earnings of $0.98.




Wal-Mart Stores, Inc. (NYSE:WMT) has acquired online outdoor clothing and gear retailer Moosejaw for $51 million in an all-cash deal, the company said on Wednesday, as it works to boost its competitive standing in US e-commerce.

Higher fuel prices gave sales a boost this year, raising quarterly same-store sales by 1.9% and full-year sales by 1.3%, compared with a gain of 0.4% in the fourth quarter of last year and a 1% gain for the full 2016 fiscal year. Analysts are looking for $4.32 a share in earnings. Using information given by various analysts, Zacks Research has shares of Wal-Mart Stores, Inc. with an ABR of 2.57. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 2.1%. Wal-Mart Stores has a 12 month low of $62.72 and a 12 month high of $75.19. For the three-month period, Wal-Mart today announced revenue rose 3 percent, on a constant currency basis, to $133.6 billion. Similarly, e-commerce sales jumped 29 percent. (Excluding currency, its revenue gain is 3%.) In the US, same-store sales notched a 1.8% increase, with foot traffic improving 1.4%. An immediate impact on investments is seen, as the company's total sales rose 1% from $129.67 billion a year prior.

"Wal-Mart Stores, Inc. (WMT) Given a $64.00 Price Target at J P Morgan Chase & Co" was first reported by Chaffey Breeze and is owned by of Chaffey Breeze.

Wal-Mart Stores Inc shares rose $0.88 (+1.27%) in premarket trading Tuesday. At the very least, Wal-Mart's Q4 numbers provide reason for optimism that the company will be able to successfully adapt to the digital age of retail. Since 1988, Zacks Rank #1 stocks have almost tripled the market, with average gains of +26% per year. The third largest holder is Blackrock Institutional Trust Company, N.A., which now holds $2.93 billion worth of this stock and that ownership represents almost 1.38% of its market capitalization. LeJeune Puetz Investment Counsel LLC acquired a new position in Wal-Mart Stores during the fourth quarter valued at $663,000.

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