Walmart announces Q4 results, acquisition

Walmart reported Q4 earnings of $5.49 billion, or $2.03 per share, compared to $6.27 billion ($2.32) a year earlier. Adjusted earnings came to $1.80 per share, while sales rose 5.7 percent to $173.38 billion. The results beat Wall Street expectations of $1.64 per share on sales of $170.85 billion. In Canada, net sales rose by 1.8 percent to $6.0 billion, with comp sales growth of 1.5 percent.

At the same time, the retail giant announced it is acquiring TV maker Vizio for $2.3 billion. The acquisition “enables a profitable advertising business that is rapidly scaling,” said Seth Dallaire, chief revenue officer for Walmart US.