Wal-Mart's Q3 earnings beat estimates as U.S. comps rise
SEAFOODNEWS.COM [Bloomberg] By Renee Dudley - November 13, 2014 -
Wal-Mart Stores posted third-quarter earnings that beat analysts’ estimates after U.S. same-store sales grew for the first time in seven quarters.
Earnings amounted to $1.15 a share in the period. Analysts had predicted $1.12 on average, according to data compiled by Bloomberg. U.S. comparable-store sales -- a closely watched benchmark -- increased 0.5 percent in the period, which ended Oct. 31.
While growth remains muted in the U.S., the sales increase signals that Chief Executive Officer Doug McMillon is making progress in his turnaround plan.
“Business remains tough, but lower gas prices should provide a rare tailwind...
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