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Wal-Mart raises profit in 4Q

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BENTONVILLE (Dow Jones) – The U.S. retail giant Wal-Mart in the fourth quarter of 2010 has increased its profit. As in the Bentonville (Arkansas)-based company announced on Thursday, profits rose to 4.63 (3.79) billion or USD 1.21 (0.96) USD. Analysts consensus had expected a profit of $ 1.12 per share.
In January, Wal-Mart, the closure of ten Sam’s Club wholesale stores, job cuts and other Restructuring measures announced. As stated in late January by the Group announced that it was the fact Viertquartalsergebnis with $ 0.04 per share debited. Tax effects due to the repatriation of income from Abroad had a positive effect, however, with $ 0.10 per share. Thus came the Company’s adjusted earnings per share to $ 1.17 USD after the adjusted Result in the same quarter last year was located at 1.03 USD.
Net sales for the Wal-Mart Stores Inc in the fourth quarter by 4.5% to 113.65 billion U.S. dollars. Analysts had expected more here – their Lautetete estimated at 114.36 billion U.S. dollars.
For the current fiscal year 2010/11 expects Wal-Mart With earnings per share from continuing operations of 3.90 to 4.00 USD. In the current first quarter to 0.81 to 0.85 while $ Per achieved share.

   

Website: www.walmartstores.com

-By Joan E. Solsman, Dow Jones Newswires
+49 (0) 69 29725 104, unternehmen.de @ dowjones.com
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(END) Dow Jones Newswires

April 18, 2010 07:53 ET (12:53 GMT)

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