Walmart Inc.'s shares jumped over 5% at the start of the trading session on Tuesday following the company's fourth-quarter and full-year earnings report.
Namely, Walmart revealed that its revenue for the last quarter of fiscal 2024 stood at $$173 billion, soaring 5.7% compared to the same period a year prior and beating market expectations. For the full fiscal year, the revenue climbed 6% to $$648.1 billion. Additionally, the company said it increased its annual dividend by 9% to $0.83 per share on a post-stock split basis for the fiscal year 2025, the highest level in 10 years. Furthermore, Walmart announced that it agreed to acquire TV maker VIZIO for approximately $2.3 billion.
Walmart's stock surged 5.30% at 9:50 am ET, trading at $179.39 apiece.
