Agence France-PresseNovember 14, 2013 11:46
US retail giant Wal-Mart on Thursday notched a 2.8 percent rise in third-quarter profit from a year ago, but trimmed its full-year profit forecast against a tough competitive backdrop.
Wal-Mart Stores Inc., the world's largest retailer, said net income for the third quarter came in at $3.7 billion on revenue of $115.7 billion.
Earnings translated into $1.14 per share, a penny above analyst forecasts. Revenue, up 1.7 percent from the 2012 third quarter, was well below the $116.8 billion consensus estimate.