Wal-Mart's comparable sales miss estimates

Send a link to a friend  Share

[November 17, 2016]    CHICAGO (Reuters) - Wal-Mart Stores Inc reported lower-than-expected quarterly sales at established U.S. stores on Thursday but raised the lower end of its profit forecast for the fiscal year.

A general view shows a Wal-Mart store in Monterrey, Mexico, August 10, 2016. REUTERS/Daniel Becerril

Net income attributable to the world's largest retailer fell to $3.03 billion, or 98 cents per share, in the third quarter ended Oct. 31 from $3.3 billion, or $1.03 per share, a year earlier.

Sales at U.S. stores open at least a year rose 1.2 percent, excluding fuel. Analysts polled by research firm Consesus Metrix had forecast a rise of 1.3 percent.

(Reporting by Nandita Bose in Chicago; Editing by Lisa Von Ahn)

[ 2016 Thomson Reuters. All rights reserved.]

Copyright 2016 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Back to top