Walmart Inc. (WMT) reported fourth-quarter adjusted profit per share of $1.33 compared to $1.30, prior year. On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $1.37 for the quarter. Analysts' estimates typically exclude special items. The company said it is currently analyzing the accounting impact of the Tax Act, but its analysis is incomplete. As a result, Walmart has recorded a provisional benefit of $207 million for the fourth quarter.
T. Rowe Price Group, Inc. (TROW) on Tuesday reported a nearly 9 percent decline in net profit for the fourth quarter from last year, reflecting a one-time charge related to the enactment of U.S. tax reform. However, both revenue and adjusted earnings per share for the quarter beat analysts' estimates.