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Walmart beats as online sales surge (WMT)

walmart employees chantJeff Mitchell / Reuters

Walmart posted strong fourth-quarter results Tuesday, beating on both the top and bottom lines and on same-store sales.
Online sales surged 40% for the 2019 fiscal year.
The retail giant reiterated its fiscal-year 2020 forecast.
Walmart shares were up 4.6% following the results.
Watch Walmart trade live.

Walmart on Tuesday blew past fourth-quarter expectations, posting strong top- and bottom-line results and same-store sales.

The retail giant earned an adjusted $1.41 a share on revenue of $138.8 billion, beating the $1.34 and $138.7 billion that analysts surveyed by Bloomberg were expecting. The results excluded a charge of $0.17 a share attributed to the new tax law and an unrealized gain of $0.03 a share on Walmart’s equity investment in JD.com.See the rest of the story at Business Insider

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