Wal-Mart shares prices down february 21 2012

Wal-Mart shares prices down february 21 2012 : Wal-Mart, the world’s biggest retailer, lost 1.9 percent to $61.30 in pre-market trading. The company reported fourth- quarter profit that trailed analysts’ estimates as an emphasis on low prices hurt margins.

Net income for the quarter ended Jan. 31 fell 15 percent to $5.16 billion, or $1.50 a share, from $6.06 billion, or $1.70, a year earlier, the Bentonville, Arkansas-based retailer said in a statement. Excluding some items, profit was $1.44, trailing the $1.45 average estimate of 24 analysts surveyed by Bloomberg.

For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: