Wal-Mart Stores Inc (WMT) reported its financial results for the first quarter on Thursday according to which the retail giant’s net profit increased by 10 percent to $3.74 billion or $1.09 per share for the first quarter, 2012 as compared to net income of $3.4 billion or earnings of $0.97 per share for the same period last year.
The company’s total revenue jumped 8.6 percent to $112.3 billion while analysts expected the earnings of $1.04 per share with sales figure of $110.5 billion for the respective period. The company has also raised its outlook for the second quarter and is now expecting earnings of around $1.13 to 41.19 per share.
Wal-Mart Stores Inc. (WMT) gained 4.21% to close at $61.68 in its last trading session. The company’s total outstanding common stock accumulates up to 3.40B billion out of which 1.69B billion shares are floated in the stock market. Insiders hold 49.74% of the total outstanding common stock while 31.30% of outstanding shares are held by different institutions. Looking at its price history the share price has traded within the prices ranges of $48.31 to $62.63 in last one year. The traded volume stood at 29.30M shares as compared to its average traded volume of 11.26M shares per day. By the end of the session the stock’s price to earnings ratio stood at 13.58 times. Its dividend yield stands at 2.58 percent.Previous Post » JPMorgan Chase Sued