(AP) – Wal-Mart Stores Inc. is reporting fiscal first-quarter
earnings of $3.04 billion.On a per-share basis, the Bentonville, Arkansas-based company said it had
profit of $1.
earnings of $3.04 billion.On a per-share basis, the Bentonville, Arkansas-based company said it had
profit of $1.
The results surpassed Wall Street expectations. The average estimate of 14
analysts surveyed by Zacks Investment Research was for earnings of 96 cents per
share.
The world’s largest retailer posted revenue of $117.54 billion in the period,
missing Street forecasts. Eight analysts surveyed by Zacks expected $117.63
billion.
Wal-Mart expects its per-share earnings to range from $1 to $1.08 for the
current quarter. Analysts forecast adjusted earnings per share of $1.07.
WebReadyTM Powered by WireReady® NSI