Investing.com - Dow component Wal-Mart reported better-than-expected fourth quarter earnings, despite missing on revenue figures, it announced early Thursday.
U.S. retail giant Wal-Mart said earnings per share came in at $1.60 in the final three months of 2013, above expectations for earnings of $1.59 per share.
The company’s fourth quarter revenue totaled $129.71 billion, missing forecasts for revenue of $130.24 billion.
Wal-Mart forecast first quarter earnings per share in a range between $1.10 and $1.20, compared to expectations for earnings of $1.24 per share.
For the full-year, the retailer expects earnings per share in a range between $5.10 and $5.45, below expectations for full-year earnings of $5.55 per share.
“We will continue to grow our global business by focusing on customers and serving them how they want to be served,” said Doug McMillon, Wal-Mart Stores, Inc. president and chief executive officer.
Following the release of the report, Wal-Mart shares declined 1.2% in pre-market trade.
Meanwhile, U.S. stock futures pointed to a mildly lower open. The Dow Jones Industrial Average futures pointed to a loss of 0.1% at the open, S&P 500 futures dipped 0.1%, while the Nasdaq 100 futures shed 0.1%.
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