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Last updated on Thursday, May 16, 2013, 10:47 am
Mike Duke
Wal-Mart Misses 1Q Earnings Estimate
Wal-Mart Stores Inc. saw U.S. same-store sales fall in a first quarter "marked by considerable headwinds," the Bentonville-based company said in a news release Thursday. The world's largest retailer reported earnings of $3.78 billion, or $1.14 per share, for the quarter that ended April 30. That's up 1.07 percent from profit of $3.74 billion, or $1.09 cents per share, in the same period a year ago. Wal-Mart missed the average earnings estimate of $1.15 per share from 22 analysts surveyed by Thomson Reuters. Revenue rose 1.04 percent to $114.19 billion. That total comprises net sales, including fuel and membership fees, from Wal-Mart U.S., Wal-Mart International and Sam's Club. Net sales for Wal-Mart International grew 2.9 percent. In its U.S. division — the company's largest — Wal-Mart... [ MORE ]-
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J.B. Hunt Shareholders Re-Elect Board
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Arkansas Rice Farmers Ask to Drop Suit
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