Wal-Mart profit rises but Q4 view light
Wal-Mart Stores Inc
Profit for the third quarter ended October 31 rose to $3.23 billion, or 84 cents per share, from $3.14 billion, or 80 cents per share, a year earlier.
Analysts on average were expecting earnings of 81 cents per share, according to Thomson Reuters I/B/E/S.
Wal-Mart had forecast earnings per share from continuing operations of 78 cents to 82 cents.
Sales rose 1.1 percent to $98.67 billion. Sales at U.S. stores open at least a year fell 0.4 percent.
Wal-Mart forecast fourth-quarter earnings per share from continuing operations of $1.08 to $1.12. Analysts on average were expecting $1.12.
Shares of Wal-Mart were down 0.7 percent at $52.62 in trading before the market opened.
(Reporting by Nicole Maestri; Editing by Lisa Von Ahn)
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