Wal-Mart Stores Earnings Cheat Sheet: Beats Estimates as Revenues Up 4.4%

S&P 500 (NYSE:SPY) component Wal-Mart Stores, Inc. (NYSE:WMT) reported its results for the first quarter. Wal-Mart Stores, Inc. operates Walmart discount stores, supercenters, Neighborhood Markets and Sam’s Club. Are Walmart and McDonald’s Saving Capitalism?>>

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Wal-Mart Stores Earnings Cheat Sheet for the First Quarter

Results: Net income for Wal-Mart Stores, Inc. rose to $3.4 billion (97 cents/share) vs. $3.33 billion (88 cents/share) in the same quarter a year earlier. A rise of 3% from the year earlier quarter.

Revenue: Rose 4.4% to $104.19 billion YoY.

Actual vs. Wall St. Expectations: WMT beat the mean analyst estimate of 95 cents/share. Estimates ranged from 90 cents per share to $1 per share.

Quoting Management: “Walmart is reporting first quarter earnings from continuing operations of $0.98 per share, which was above guidance,” said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer. “This reflects the stability and strength of our global operations. Walmart U.S. comp sales for the first quarter were within our guidance range,” Duke continued. “We recognize we still have work to do and comp sales growth remains the greatest priority for me and the entire Walmart U.S. team. The good news is that the plan Bill Simon and his team are executing is gaining traction. We’re focused on delivering every day low price and a wide assortment.”

Competitors to Watch: Target Corporation (NYSE:TGT), Costco Wholesale Corp. (NASDAQ:COST), Dollar General Corp. (NYSE:DG), BJ’s Wholesale Club, Inc. (NYSE:BJ), Family Dollar Stores, Inc. (NYSE:FDO), Gordmans Stores, Inc. (NASDAQ:GMAN), Dollar Tree, Inc. (NASDAQ:DLTR), Amazon.com, Inc. (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Best Buy (NYSE:BBY), Bed, Bath & Beyond (NASDAQ:BBBY), Apple Inc (NASDAQ:AAPL) and Fred’s, Inc. (NASDAQ:FRED).

Stock Performance: Shares of WMT are down over 1% from the previous close of $56.06.

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