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
The BioTechUSA group was able to grow despite market challenges
The purely domestically owned BioTechUSA group has published its annual…
Read more >
MOHU supports Easter redemption with increased capacity
As the holidays approach, store traffic is expected to increase,…
Read more >
Easter trends: what are shoppers looking for this year?
Last March, before Easter, nearly 90 thousand boxes, i.e. almost…
Read more >
