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

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

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows