Wal-Mart always makes fun of the crisis
The results from Wal-Mart were already well wonder at the height of the financial crisis, they could only be better when the U.S. economy begins its recovery. The world leader in the distribution has announced Thursday that it earned in the third quarter sales up 1.1% to 98.67 billion dollars. Sales to U.S. store constant and excluding fuel have instead declined by 0.4%, where analysts had expected an increase of 0.4%.
Net income meanwhile rose by 3.2% over one year to 3.239 billion dollars. Reported to share, earnings reached $ 0.84, three cents higher than a forecast analysts. The group had said it expected earnings per share from continuing operations of between 0.78 and $ 0.82 for the third quarter.
In contrast, the group is cautious in the fourth quarter disappointed observers. Wal-Mart says and expects to post earnings per share from continuing operations of between 1.08 and $ 1.12, while analysts on average expect a figure of $ 1.12. In exchange for pre-market action shrank by 0.6% to 52.45 dollars to 13h20.