By Karen Talley and Jörn Ebberg DOW JONES NEWSWIRES
BENTONVILLE (Dow Jones) – U.S. retail giant Wal-Mart In the first quarter (April 30) for financial year 2010/11 around 10% earned more, and both its own forecast and the expectation The market observers exceeded. The stock market provides the for gains: The Wal-Mart paper sets in early trading on the Wall Street by 2.3% to to $ 53.95. In its outlook for the second Quarter revealed the group despite the strong start to year but rather restrained.
As the Bentonville (Arkansas)-based company on Tuesday announced that profit rose from the discontinued Business to 3.32 (previous year: 3.03) billion, or $ 0.88 (0.77) USD per share certificate. Analysts had expected on average to $ 0.85. Wal-Mart itself had for the first quarter a share Earnings from 0.81 to 0.85 USD forecast.
Sales climbed to 99.1 (93.47) billion USD, up slightly on analysts’ forecast of 98.45 billion USD. In the U.S., the Group of which 62.32 (61.63) billion USD to internationally were 25.03 (20.62) billion USD and the Sam’s Club stores 11.74 (11.22) billion USD. "Wal-Mart is a record result with net revenue and earnings in the Fiscal year started, "said CEO Mike Duke. He was pleased with the numbers have exceeded the forecast.
For the second quarter, Wal-Mart Stores Inc. expects a Earnings per share from continuing operations at constant Currencies between $ 0.93 to $ 0.98 to $ 0.88 last year. Thomson Analysts expect a Reuters poll on average $ 0.98. In the Press release, said CEO Mike Duke: "Our customers, particularly in the U.S. is still concerned about their Image View Finance and unemployment, as well as higher fuel costs. "
The comparable sales in the U.S. branches expected Wal-Mart in the range between minus 2%, plus 1%. Comparable Revenues are the revenues in all the branches for more than 12 months are open. Wal-Mart earned about 1 USD for each 10 USD, in its Transactions are issued.
had on production of the figures for the fourth quarter, Group also expressed back to the full year 2010/11. Therefore Wal-Mart expects to earnings per share from continuing Business from 3.90 to 4.00 USD.
Also on Tuesday laid the Wal-Mart subsidiary Asda their numbers before. Britain’s second largest supermarket chain to Tesco’s net profit increased more than sales and exceeded internal goals. The comparable sales declined, but back.
Website: www.walmartstores.com - By Karen Talley and Jörn Ebberg, Dow Jones Newswires; +49 (0) 69 29 725 103, unternehmen.de @ dowjones.com DJG / DJN / ebb / sha / kla Visit our website http://www.dowjones.de
(END) Dow Jones Newswires
May 18, 2010 10:48 ET (14:48 GMT)
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