Wal-Mart (WMT) Reports In-Line Q1; Guides In-Line
WMT Hot Sheet
Revenue Growth %: -99.9%Financial Fact:
Loss from discontinued operations, net of tax: 0
Today's EPS Names:
TARO, BRLI, TLB, More
Wal-Mart (NYSE: WMT) reports Q1 earnings of $0.77 per share, in-line with estimates. Revenues came in at $93.47 billion, versus the consensus of $96.4 billion. Without the negative impact of currency exchange rates, equal to $4.836 billion, net sales for the quarter increased 4.5 percent to approximately $98.307 billion on a constant currency basis.
Wal-Mart sees Q2 EPS of $0.83-$0.88 versus the consensus of $0.85.
CEO Mike Duke said, "We're pleased to report that fiscal year 2010 is off to a very good start. These results were achieved in the face of a very challenging global economy."
The company announced last week that it will no longer report monthly comparable store sales. The 13-week comparable store sales results will be reported as part of quarterly earnings news.
UPDATE: Click here to see some highlights from Wal-Mart's Q1 conference call.
Wal-Mart sees Q2 EPS of $0.83-$0.88 versus the consensus of $0.85.
CEO Mike Duke said, "We're pleased to report that fiscal year 2010 is off to a very good start. These results were achieved in the face of a very challenging global economy."
The company announced last week that it will no longer report monthly comparable store sales. The 13-week comparable store sales results will be reported as part of quarterly earnings news.
UPDATE: Click here to see some highlights from Wal-Mart's Q1 conference call.
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