Latest News:  
Beijing   Overcast/Sunny    7 / -2   City Forecast

People's Daily Online>>World

Wal-Mart fourth-quarter profit down

(Xinhua)

09:16, February 22, 2012

WASHINGTON, Feb. 21 (Xinhua) -- Wal-Mart Stores Inc., the world's largest retailer, Tuesday reported an almost 15-percent decline in quarterly profits.

The company said its net income for the quarter ending Jan. 31 fell to 5.16 billion dollars, or 1.50 dollars a share, from 6.06 billion a year earlier.

Total revenue increased 5.9 percent to 123.2 billion dollars in the quarter compared with the same period a year ago. Operating income increased 5.0 percent to 8.4 billion dollars.

Throughout the whole year, the company reported total revenues increased 5.9 percent to 443.9 billion dollars but profits declined 4.2 percent to 15.7 billion dollars.

Wal-Mart stock fell 4.34 percent to 59.77 dollars per share in New York. The shares gained 11 percent last year.

Wal-Mart CFO Charles Holley expects earnings per share for the first quarter fiscal 2013 to be between 1.01 dollars to 1.06 dollars, a little bit higher than last year's 0.98 dollars.

Email|Print|Comments(Editor:王莉莉)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's VP meets with parliament officials in Ireland

  2. Media members visit Fukushima nuclear plant ahead of quake anniversary

  3. Ice melting on Danube River in Belgrade

  4. Preparation for samba parade in Rio de Janeiro

Most Popular

Opinions

  1. Deposit reserve ratio cut does not mean policy shift
  2. Is West genuinely trying to 'save' Syria?
  3. China's Linsanity
  4. Ancient technology education program launched
  5. Banks' reserve ratio cut aims to spur growth
  6. China, India should treat competition rationally
  7. China takes responsible attitude towards Syrian
  8. Admire Jeremy Lin for his skills, not the way he looks
  9. VP Xi's U.S. tour hailed as future-oriented landmark
  10. Vote on Syria resolution shows responsibility

What's happening in China

Sing, dance and buy for New Year

  1. Silk Road reopens to cultural exchanges
  2. Authorities shut down 7,846 illegal websites
  3. 134 arrested for producing and selling "gutter oil"
  4. World traveler reunited with bike in Wuhan
  5. Qinghai to see peak of self-drive tourists

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai