Investing

Wal-Mart Earnings: Not A Growth Company

Wal-Mart reported its latest quarter today. Earnings rose 9% to $3.94 billion. Revenue was up 11% to $98 billion.

The company is relying more and more on international sales, which rose 30% in the quarter. to $22.7 billion.

EPS for the year were $2.92. Guidance for the current year is $3.15 to $3.23.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

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