Wal-Mart reported 103 billion USDin revenue for the first quarter

Wal-Mart reported about per share results a bit higher than the expectations, in its First Quarter Interim Report. The company's shares reached a profit of 0.98 USD per share by eliminating the effects of the one-off items, while analysts' consensus was  0.95 USD. The evolution of income corresponded to the expectations.

Wal-Mart's revenues increased by more than 4 percent in first quarter of 2011, which did not cause a surprise, since the company reached 103.4 billion USD and the expectations were about 103 billion USD. The stores open for at least a year, calculated on a comparable basis were not able to grow: their revenues, fell by 1.1 percent, compared to the same quarter of the previous year – reports portfolio.hu.