BMO Capital Downgrades Wal-Mart (WMT) to Underperform
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Wal-mart (WMT) Tops Q3 EPS by 3c; Adjusts FY14 EPS Outlook
November 13, 2014 7:03 AM ESTWal-mart (NYSE: WMT) reported Q3 EPS of $1.15, $0.03 better than the analyst estimate of $1.12. Revenue for the quarter came in at $118.1 billion versus the consensus estimate of $118.37 billion.
Walmart U.S. comp sales increased 0.5 percent for the 13-week period ended Oct. 31, 2014. Comp sales for the Neighborhood Market format increased approximately 5.5 percent. Walmart U.S. net sales increased $2.3 billion, or 3.4 percent, to approximately $70.0 billion.
"Walmart reported solid earnings per share of $1.15 in the third quarter," said Doug McMillon, Wal-Mart Stores, Inc. president and CEO. "The highlights for the quarter include the positive comp... More
