Wal-Mart’s quarterly result is lower than expected
Wal-Mart Stores Inc. reported weaker-than-expected quarterly earnings and lowered its annual forecast on Tuesday, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business.
Net profit attributable to the company fell to 3.48 billion USD, or 1.08 USD per share, in the second quarter ended July 31, from 3.92 billion USD, or 1.21 USD, a year earlier. Analysts, on average, expected 1.12 USD per share, according to Thomson Reuters I/B/E/S.
Wal-Mart lowered its forecast for the year ending in January to a range of 4.40 USD to 4.70 USD from its outlook of 4.70 USD to 5.05 USD in February. The consensus was for 4.77 USD per share. (portfolio.hu)
Related news
Biggest family businesses keep going strong
Family businesses are growing faster than the global economy –…
Read more >
U.S. retail sales grew less than expected in March
In March, retail sales in the U.S. grew less than…
Read more >
U.S. retail sales increased in February
In the United States, retail sales grew moderately in February…
Read more >Related news
Chocolate fever and spicy orders – this is how Hungarians celebrate Halloween
Special orders and new candy trends in Central Europe: intimate…
Read more >
KSH: The sales prices of the food industry rose by 0.9 percent
In September, industrial producer prices were on average 0.9 percent…
Read more >
This is how Hungarians paint their homes with their own hands, every five years, white
PPG Trilak mapped the painting habits of Hungarians, Czechs and…
Read more >
