Wal-Mart, Kohl's: Thursday's Headlines

NEW YORK (TheStreet) -- Here are the top stock market headlines for the morning of Thursday, Nov. 12, 2009.

Thursday's Earnings Roundup

• Wal-Mart (WMT Quote) reported third-quarter earnings of 84 cents a share, topping the Thomson Reuters average estimate of 81 cents a share. Sales climbed 1.1% to $98.67 billion, missing the consensus target of $99.88 billion. Looking ahead, Wal-Mart said it expects earnings in the fourth-quarter to fall between $1.08 and $1.12 a share, compared with estimates of $1.12 a share. The world's largest retailer also raised its guidance for 2010, upping its earnings range to $3.57 to $3.61 a share from the previous range of $3.50 to $3.61 a share. Analysts estimates currently stand at $3.58 a share.
• Kohl's (KSS Quote) said it earned 63 cents a share in the third quarter, beating the Thomson Reuters average estimate of 61 cents a share. Sales increased 6.5% from a year earlier to $4.05 billion, also better than consensus. However, Kohl's disappointed with its fourth-quarter earnings guidance, saying it expects earnings in a range of $1.14 to $1.24 a share, compared with the average analyst target of $1.25 a share. Total sales should increase between 3% and 6% in the fourth quarter, Kohl's said.
• BCE (BCE Quote) posted third-quarter earnings of 84 Canadian cents a share, better than the consensus target of 68 Canadian cents. Revenue inched higher by 0.5% to $4.46 billion Canadian, slightly below estimates. BCE reaffirmed its full-year 2010 guidance, although it said it now expects revenue growth to be at the low end of its predicted 1% to 2% increase.
• EnCana (ECA Quote) reported third-quarter adjusted earnings o $1.03 a share, falling short of the Thomson Reuters average of $1.17 a share. Revenue dropped more than 64% from a year ago to $3.88 billion, although that was ahead of estimates.