This morning, Wal-Mart (NYSE:WMT) reported fourth quarter earnings of $4.43 billion, or $1.36 per share, as revenue climbed to $128.79 billion. Excluding one-time items, the company would have earned $1.60 per share, narrowly topping Wall Street estimates. However, in the report, the company said sales from stores open at least a year declined by 0.4% marking the fourth consecutive quarter of declines. The company also said it expects earnings in the first quarter to be in the range of $1.10 to $1.20 per share and full year earnings in the range of $5.10 to $5.45 per share -- both well short of Wall Street estimates. On the news, shares of Wal-Mart were lower, falling 1.5% so far.
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