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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.