Walmart holiday quarter profit falls, comparable sales beat estimates

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NEW YORK (Reuters) – U.S. retailer Walmart Inc (WMT.N) 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 $1.33 per share, missing expectations of $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 HeavensOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters