This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wal-Mart Tops Quarterly Forecasts; Same-Store Sales Rise 3.1%

Earnings Scorecard
Actual Estimated* Year-Ago
$0.45 $0.44 $0.43

Wal-Mart Stores (WMT - Get Report) posted fourth-quarter earnings that beat analysts' lowered expectations by a penny, thanks to a 3.1% rise in same-store sales for the quarter.

The Bentonville, Ark., retailer said fourth-quarter earnings were $2 billion, or 45 cents a share, compared with $1.9 billion, or 43 cents a share, in the same period last year. According to a poll by First Call/Thomson Financial, 22 analysts expected fourth-quarter earnings of 44 cents a share.

Sales for the quarter were $56.6 billion, up from $51.4 billion last year.

"It was a good year but a year that was not quite up to our high Wal-Mart expectations. In a difficult economic environment, we will spend almost $9 billion in capital expenditures and add approximately 8% to our retail square footage," the company said.

Wal-Mart closed at $52.36 in Friday trading on the New York Stock Exchange, near the middle of its 52-week range of $41.40 to $64.90.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
WMT $78.28 -1.10%
AAPL $126.98 -1.30%
FB $78.22 -0.75%
GOOG $534.26 -1.20%
TSLA $233.10 1.10%

Markets

DOW 18,026.26 -44.14 -0.24%
S&P 500 2,107.59 -6.90 -0.33%
NASDAQ 4,975.1010 -41.8280 -0.83%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs