Vladimír Urbánek (Kurzy.cz)
World markets  |  November 15, 2012 14:36:34

Wal-Mart Results for 3Q narrowly Sun estimates, the company reduced its outlook for this year's profit below market expectations


Global retail leader Wal-Mart today presented results for 3Q of this year. Net profit grew by 9% to 3.64 mld.USD = $ 1.08 per share. Market estimated $ 1.07 per share.
Sales at U.S. stores open at least a year rose by 1.5% compared to the expected market growth of 2%. In 2Q sales grew by 2.2%. The U.S. market generates 60% of total company sales.

Management announced that it expects this year's profit of 4.88 to 4.93 per share. The market still on average expected a profit of $ 4.94 per share.

Wal-Mart shares fell by 3.3%. Since the beginning of the end of yesterday's degree grew by 19%.

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