Wal-Mart: nearly three and a half-billion profit in the second quarter of 2009

The world's largest retailer, Wal-Mart Stores Inc. achieved a 3.44 billion USD, 88-cent per share profit in the second quarter of 2009.

The result is almost the same as the result of the previous year, but exceeded the expectations of analysts. The Wal-Mart expected a 83-88 cents per share in May. The value of net sales decreased by 1.4 percent to 100.08 billion USD, calculating without exchange rate it is a 2.7 percent increase.
For the third quarter, Wal-Mart expects a 78-82 cents per share result. Reuters’ analysts forecast 80 cents – reports ProfitLine.hu.