Great Wal-Mart report

By: trademagazin Date: 2009. 11. 13. 00:00

Beyond the expectations of analysts, Wal-Mart's preliminary results reports of 0.84 USD per share profit. Revenues meets the expectations.

The management increased the company’s profit expectations for this year, predicting a 3.57 – 3.61 USDper share profits . Earlier between 3.50 and 3.60 USD was expected.
According to the company's management; the sales environment remains difficult this year, but there is already an increase in traffic. The company increased its market share in the United States, in the United Kingdom and in Mexico. Even in recessionary times, Wal-Mart's could increase its revenue on a year / year basis – reports portfolio.hu.