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wal mart beats estimates

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    Wal-Mart Profit Climbs on Grocery, Electronics Sales (Update1)

    By Lauren Coleman-Lochner
    Dow Futures up 105 pts (were 65 pts up before results were released) !!!

    And FTSE going green again, after a big green day on Monday.


    Feb. 19 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, said fourth-quarter profit rose more than analysts estimated after it stepped up holiday discounts and added more brands of computers and flat-screen televisions.

    Full-year earnings will be at most $3.43 a share, Wal-Mart said, less than analysts' projections.

    Net income climbed 4 percent to $4.1 billion, or $1.02 a share, from $3.94 billion, or 95 cents, a year earlier, the Bentonville, Arkansas-based company said today in a statement. Excluding one-time items, profit beat estimates by 2 cents.

 
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