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Walmart Q3 Profit Up 9%, But Sales, Q4 Forecast Miss

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Bentonville, AR—Walmart reported today that its third quarter profit increased 9% but the world’s largest retailer’s sales and fourth quarter/holiday guidance trailed analysts’ estimates. For the quarter ended Oct. 26, Walmart posted net income of $3.64 billion, or $1.08 a share, compared with earnings of $3.34 billion, or 96 cents …

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Walmart’s U.S. Sales Rebound Despite Q3 Profit Miss

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Bentonville, AR—While Walmart’s third quarter profit just missed expectations, the retail giant reported some good news about its U.S. division: comparable store sales increased 1.3%, ending nine quarters of declines. Only last month, executives at U.S. Walmart told investors that turnaround initiatives begun last year seem to be coming to …

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Walmart Q4 Profit Up 27% But U.S. Division ‘Disappoints’

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Bentonville, AR—While Walmart posted today a 27% increase in profit for the fourth quarter largely due to its international sales and a tax benefit, a turnaround in its U.S. division continued to disappoint. Mike Duke, Walmart’s president/ceo, said today that despite being “pleased” with Walmart’s “strong earnings performance for the …