Wal-Mart Q4 EPS Tops Estimates As Online Sales Beef Up Results

Shares of Wal-Mart Stores Inc WMT rose more than 3 percent after the retail giant’s quarterly EPS topped Street, coupled with strong growth in comps and e-commerce.

Following is a gist of Walmart’s fourth quarter results:

• Walmart Q4 EPS $1.30 vs $1.29 Est, Revenue $130.94B vs $131.22B Est
• Q4 Ecommerce Growth up 29%,GMV up 36.1%
• Q4 U.S. comp up 1.8%, driven by a traffic increase of 1.4%
• Q4 Neighborhood Market comps up about 5.3%
• Sees Q1 2018 EPS $0.90 to $1.00 vs $0.96 Est, FY 2018 $4.20 to $4.40 vs $4.33 Est
• Sees Q1 Comp For Walmart U.S.: +1.0% to +1.5%; Sam's Club (ex. Fuel) at +1.0%

Related Link: Wal-Mart Looking To Drive Innovation With New Car Sales Program

The results of Walmart cheered retail investors after a slew of disappointing holiday sales updates from its peers due to choppy industrial backdrop. The strong results also show that Walmart’s online bets in Jet.com are now bearing fruits and effectively offset lower international sales, which were hit by currency headwinds.

“We're moving with speed to become more of a digital enterprise and better serve customers,” Doug McMillon, President and CEO, said in a press release.

Shares of Walmart closed Friday at $69.37. In the pre-market hours on Tuesday, the stock is up 3.36 percent to $71.70.