Wal-Mart Sales Below Forecast But Company Projects Strong Quarterly Earnings
By: Import User
Updated: January 7, 2009
Wal-Mart Stores Incorporated announced
today that it expects its third quarter earnings to be at the high
end of its forecast of 52 to 54 cents per share.
The Bentonville-based retail giant announced today that its
overall sales for October were ten-point-four percent higher than a
year ago. But in stores open at least a year, sales grew at a
slower rate than they did last October.
Wal-Mart says that it didn`t meet its sales goals for its third
quarter, but says its profits were higher than expected. So the
company expects healthy numbers when it releases its quarterly
earnings report on November 16th.
