Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Wal-Mart Stores 3Q Profit up 8%
Nov 14, 2007
 Printable format
 Email this Article
 Search

Wal-Mart Stores Inc. posted third-quarter earnings of US$2.86 billion, an 8% increase. The company earned $0.70 per share, up from $0.62 per share in the same period a year ago. Wal-Mart had revenue of $91.95 billion in the period ending Oct. 31, up 8.8% from $84.47 billion a year ago.

Third-quarter sales at stores open at least a year, not counting fuel, were up 1.5% in the company's U.S. stores, same as a year ago. The company expects same-store sales for the fourth quarter to rise no more than 2%.

President and CEO Lee Scott said the company is showing improving trends in sales of home and apparel, an area in which Wal-Mart unsuccessfully sought to market to higher-income shoppers. Wal-Mart has switched back to its emphasis on price.

Wal-Mart expects earnings for the fourth quarter to be between $0.99 per share and $1.03 per share. Earnings for the full year should be between $3.13 and $3.17, including a $40 million restructuring charge, the company said. Analysts project quarterly earnings per share of $1.02 and full-year profit of $3.09 per share.

Back to Daily News

 

Daily News

...........................................................

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows