Wal-Mart Stores, Inc. (NYSE:WMT): Analyst's Estimations

That's up from the 7 percent pace of the first quarter but still far weaker than the 20 percent increases from less than two years ago.

The company said revenue for the quarter rose 0.5% to $120.85 billion. Earnings, adjusted for non-recurring gains, were $US1.07 per share.

"We are seeing a steady improvement in the USA business, and it is responding favorably to the changes we are making", he said.

Sales at USA stores open at least a year rose 1.4 percent, excluding fuel.

The world's biggest retailer reported revenue of $120.9 billion in the second quarter, surpassing analysts' projection of $119.3 billion, and a 0.5% uptick over that three month period a year ago. During the same quarter in the previous year, the company posted $1.08 EPS.

Store visits increased 1.2 per cent in the second quarter. The big box retailer reported $120.9 billion in sales, compared to the consensus of $120.2 billion. Analysts on average were expecting $1.02, according to Thomson Reuters I/B/E/S. (WMT) on Thursday reported fiscal second-quarter net income of $3.77 billion. The impact would be felt primarily in the fourth quarter, the company said.

Prior to today's report, WMT stock had risen 19% year-to-date, more than doubling the performance of the S&P 500 in the same period.

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He said: "Our strategy remains focused on improving retail basics; simplifying and strengthening the offer through improved availability and assortment discipline, reducing costs through our cost analytics program and driving sales through strategic price investments".

The world's largest retailer appeared to take the financial results as proof that its decision to key in on its online business, including the $3 billion purchase of e-commerce site Jet.com announced last week, was the right path forward.

Wal-Mart also tapped Jet's founder Marc Lore to lead its e-commerce efforts once the deal is complete.

McMillon said in a pre-recorded call that the growth in global e-commerce came from the improvement in the USA market, fueled by its rollout of Wal-Mart Pay, its own mobile payment system, and the online grocery and pick up services that it's rolling out. The company's distance from 52 week high price is -2.50% and current price is above +33.46% from 52 week low price.

This summer, the company completed the rollout of Walmart Pay, a feature that allows shoppers to pay at the register using their smartphone. Wal-Mart is also vastly expanding the items available on its website.

Its growing footprint of smaller stores is likewise benefiting the chain. Management noted that comparable store traffic grew for the seventh straight quarter.

This is breaking news.

(Copyright © 2015. All Rights Reserved.)
 
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