Thursday, November 17, 2016

Wal-Mart Q3 Profit Declines, But Lifts FY17 Profit View; Stock Down

Wal-Mart Stores Inc. (WMT) reported a profit for the third-quarter that declined 8.2 percent from the prior year, while quarterly total revenue increased 0.7%. Currency negatively impacted earnings per share by approximately $0.03. Walmart U.S. comp sales increased 1.2%, driven by a traffic increase of 0.7%. It raised profit outlook for fiscal-year 2017.

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