NEW YORK (TheStreet) -- Wal-Mart (WMT) - Get Report, the world's biggest retailer, raised its full-year earnings guidance to a range of $4.08 to $4.12 a share after reporting third-quarter earnings that were in line with expectations.
Wal-Mart previously expected full-year earnings of $3.95 to $4.05 a share.
Wal-Mart said third-quarter earnings from continuing operations rose to $3.44 billion, or 95 cents a share, from $3.14 billion, or 81 cents a share, a year earlier. Earnings, excluding a one-time tax benefit of 5 cents a share, were 90 cents, in line with forecasts.
Net sales for the quarter increased 2.6% to $101.2 billion from $98.7 billion the same time last year; Wall Street's revenue expectation was $102.25 billion.
-- Written by Andrea Tse in New York.
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