Company News: Wal-Mart (WMT) Q3 Results Meet Expectations

Market news

17 November 2015

Company News: Wal-Mart (WMT) Q3 Results Meet Expectations

Wal-Mart reported Q3 earnings of $0.99 per share (versus $1.15 in Q3 FY 2014), slightly beating analysts' consensus of $0.98.

The company's revenues amounted to $116.598 bln (-1.3% y/y), slightly missing consensus estimate of $117.371 bln.

Wal-Mart confirmed its forecasts for Q4 EPS of $1.40-1.55 (versus consensus of $1.42), but narrowed forecasts for FY16 EPS to $4.50-4.65 from $4.40-4.70 (versus consensus of $4.51).

WMT rose to $57.87 (+2.57%) in pre-market trading.

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar on the better-than-expected ZEW economic sentiment data from Germany

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