Wal-Mart Stores Inc. (WMT) reported that its third-quarter net income attributable to the company was $3.24 billion or $0.84 per share, compared to $3.14 billion or $0.80 per share in the same quarter last year.
Income from continuing perations attributable to Walmart for the quarter were $0.84 per share, compared to $0.77 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.81 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter were $99.41 billion, compared to $98.35 billion in the prior year quarter. Eighteen analysts had consensus revenue estimate of $99.88 billion for the quarter.
The company's total U.S comparable store sales for the third-quarter declined 0.4% without fuel and 0.8% with fuel. This compares with year-ago quarter total U.S comparable store sales increases of 2.5% without fuel, and 2.9% with fuel.
Walmart U.S. expects comparable store sales during the 13-week period from Oct. 31, 2009 through Jan. 29, 2010 to be flat, plus or minus one percent - as compared to the 2.4% comp for the same period last year. Sam's Club expects comparable club sales during the fourth quarter 13-week period to be approximately flat, plus or minus one percent.
For the fourth quarter, the company expects earnings per share from continuing operations to be between $1.08 and $1.12. Analysts expect the company to report earnings of $1.12 per share for the fourth-quarter.
The company raised its fiscal 2010 earnings from continuing operations guidance to a range of $3.57 - $3.61 per share, from the prior range of $3.50 - $3.60 per share. Analysts expect the company to report earnings of $3.58 per share for fiscal 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.