Investing.com - Dow component Wal-Mart reported better-than-expected third quarter earnings, despite missing on revenue figures, it announced early Thursday.
Earlier in the day, in its third quarter earnings report, U.S. retail giant Wal-Mart said earnings per share came in at USD1.14, above expectations for earnings of USD1.13 per share.
The company’s third quarter revenue totaled USD115.67 billion, missing forecasts for revenue of USD116.82 billion.
Wal-Mart forecast fourth quarter earnings per share in a range between USD1.60 and USD1.70, compared to expectations of USD1.69 per share.
For the full-year, the retailer expects earnings per share in a range between USD5.11 and USD5.21, down from a previous estimate between USD5.10 to USD5.30 per share.
Following the release of the report, Wal-Mart shares declined 1.8% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was mixed. The Dow Jones Industrial Average futures pointed to a gain of 0.1% at the open, S&P 500 futures added 0.2%, while the Nasdaq 100 futures indicated a decline of 0.2% at the open.
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Wal-Mart Q3 EPS USD1.14, misses on revenues; shares down 1.8%
Published 11/14/2013, 07:14 AM
Updated 11/14/2013, 07:14 AM
Wal-Mart Q3 EPS USD1.14, misses on revenues; shares down 1.8%
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