Walmart posts modest quarterly earnings beat as new CEO John Furner takes the helm

Walmart (WMT) posted fourth quarter earnings on Thursday morning that slightly beat Wall Street's estimates, giving a readout on the key holiday shopping season in its first report under new CEO John Furner. The retailer, whose market cap recently eclipsed $1 trillion for the first time, reported adjusted earnings per share of $0.74 in the quarter. That was a touch higher than the Street forecast of $0.73, per Bloomberg consensus data. Revenue increased 5.6% to $190.7 billion, basically in line with Wa ...