Walmart (WMT) updated its fourth quarter and fiscal year 2014 expectations as WMT stock is up in early afternoon trading Friday.
The company has updated its outlook from its third quarter report issued on Nov. 14, 2013. Walmart shared fourth quarter diluted earnings per share from continuing operations (EPS) guidance of $1.50 to $1.60, including a $0.10 per share impact from two discrete items that resulted in an EPS guidance range of $1.60 to $1.70.
“We now anticipate that our underlying EPS for the fourth quarter of fiscal 2014 will be at or slightly below the low end of our range of $1.60 to $1.70,” said CFO Charles Holley. “For the full year, we expect underlying EPS to be at or slightly below the low end of our range of $5.11 to $5.21.”
25 analysts reached the consensus that earnings estimate of $1.65 per share would be $0.02 worse than a year ago and a $0.04 sequential decrease. Their full-year EPS estimate is $5.17, $0.15 better than last year’s annual results.
Walmart will release a detailed report on its fourth quarter and fiscal year on Feb. 20, 2014. WMT stock is up 0.2% Friday.
More Walmart News