Decreased sales at Wal-Mart

Despite a decrease in profit and revenue lagging behind the expectations, the investors are still happy after Wal-Mart's quarterly report was published: the share price increased to 5% plus. The reason is that the expectations of the management are optimistic – portfolio.hu wrote.

Wal-Mart's revenue decreased in the third quarter, mainly due to weakness in sales outside of America. The 'foreign' revenues that give the quarters of the company's total revenue, fell by 11% compared to the same quarter of the last year. This is partly explained by the strengthening of the dollar. Wal-Mart's total revenue decreased by 1.3% in the third quarter and amounted to 117.4 billion USD, which caused minor disappointment, as analysts predicted higher revenue of 400 million USD. (portfolio.hu)