Wal-Mart Shares Down On Same Store Sales
Wal-Mart (WMT) this morning reported a profit for its fourth quarter period that ended January 31, 2010 of $4.63 billion, or $1.21 per share on revenue of $112.82 billion, a 4.6% gain from the comparable period a year ago. This was up from the $3.79 billion or $0.96 per share that the company reported in the same period a year ago.
Analysts had been forecasting an EPS of $1.12 per share.
Despite beating forecasts however, the shares are under pressure, as
Wal-Mart also reported that sales at stores that had been opened at least a year, dropped 1.6%, against the company’s own forecasts for sales to be either flat or plus-or-minus 1 percent.
The shares are down $0.99 to $53.07, a 1.83% decline, in very early trading.
Tags: walmart
