Wal-mart Posts Flat Profit, Lower Sales

Wal-Mart's earnings were flat on lower same-store sales. The retail giant raised the low end of its fiscal-year outlook and plans to speed up cost-cutting measures.

Sections:  news   business   
RELATED ARTICLES
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • HTC Expects Brighter Second Quarter
    Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More
  • Mobile Efforts Help Propel Facebook’s Earnings
    Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More
  • Sears Didn't Move Fast Enough, CEO Says
    Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting. More
  • J.C. Penney ad apologizes to customers
    The ad comes after the Plano, Texas-based company last month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor Mike Ullman. Johnson's ambitious changes included getting rid of most sales and bringing in new, hip brands. More
BING NEWS:
  • LyondellBasell first quarter profit flat, sales slip
    LyondellBasell Industries showed a small sales drop in the first quarter of 2024, even as the firm's profit was flat vs. the same quarter in 2023.
    04/26/2024 - 4:58 am | View Link
  • Lazard profit beats estimates as dealmaking rebound fuels record revenue
    Lazard reported a first-quarter profit on Thursday, compared with a loss a year earlier, buoyed by a growth in assets at the boutique investment bank.
    04/25/2024 - 8:33 am | View Link
  • Spotify posts record profits
    Spotify, the music streaming platform, has announced record profits of over €1 billion, after a year of cost-cutting measures and trimming staff. T ...
    04/24/2024 - 2:04 am | View Link
  • AT&T climbs on Q1 profit beat as postpaid phone subscribers rise, affirms FY24 outlook
    AT&T stock rose 4% premarket after beating profit estimates and adding more postpaid phone subscribers than expected. Read more here ...
    04/24/2024 - 12:52 am | View Link
  • UPS Posts Q1 Profit Beat, Revenue Miss
    United Parcel Service on Tuesday released first-quarter results that included profits above analyst expectations but revenue shy of estimates.
    04/23/2024 - 1:25 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News