Arab Today, arab today walmart profit rises 57
Last Updated : GMT 09:51:30
Arab Today, arab today
Arab Today, arab today

Wal-Mart profit rises 5.7%

Arab Today, arab today

Arab Today, arab today Wal-Mart profit rises 5.7%

New York - Arabstoday

Wal-Mart Stores, the world\'s largest retailer, reported second-quarter profit that rose 5.7 per cent and boosted its forecast for the year as the company maintained sales at its US stores. Net income climbed to $3.8 billion (Dh13.95 billion), or $1.09 a share, from $3.6 billion, or 97 cents, a year earlier, Bentonville, Arkansas-based Wal-Mart said on Tuesday in a statement. The average estimate of 21 analysts in a Bloomberg survey was $1.08 a share. Revenue rose 5.4 per cent to $109.4 billion. wider product choice Article continues below Chief executive officer Mike Duke is boosting the number of smaller stores and expanding Wal-Mart\'s internet presence to combat fewer US customer visits. The merchant has also restored thousands of products to shelves to lure shoppers coping with high unemployment and fuel prices. Those changes \"should provide a good base to return same-store sales into positive territory,\" Bob Summers, an analyst at Susquehanna Financial Group, wrote in a note yesterday. He has a \"positive\" rating on the stock. Second-quarter sales at US stores open at least a year were unchanged from a year earlier, excluding fuel, Wal-Mart said. Those sales had fallen in the eight previous quarters. Those stores had 82.8 million fewer visits through the first five months of the company\'s fiscal year than a year earlier, according to a company memo obtained by Bloomberg News. Wal-Mart said profit in its current fiscal year would be $4.41 to $4.51 a share, up from a previous projection of $4.35 to $4.50. The average estimate of 25 analysts in a Bloomberg survey was $4.47. For the current quarter, the company forecast profit of 95 cents to $1 a share, excluding some items. Wal-Mart rose 17 cents to $50.15 in trading before the open of the New York Stock Exchange. The shares had dropped 7.3 per cent this year before Tuesday\'s announcement.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart profit rises 57 Arab Today, arab today walmart profit rises 57

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart profit rises 57 Arab Today, arab today walmart profit rises 57

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Russia and Iraq restore air travel

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 11:53 2017 Saturday ,16 September

Jolie effect helps Namibian tourism

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday