Wal-Mart Stores posts 3Q revenue of $119 billion, result beats expectations

IndustriesAssociated Press

Wal-Mart Stores Inc. (WMT) on Thursday reported earnings of $3.71 billion, or $1.15 per share, in its fiscal third quarter.

The company, based in Bentonville, Arkansas, posted revenue of $119 billion in the period, beating Street forecasts. Analysts expected $118.35 billion, according to Zacks.

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Wal-Mart expects full-year earnings to be $4.92 to $5.02 per share.

Wal-Mart shares have increased roughly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 10 percent. The stock has increased almost 1 percent in the last 12 months.

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This story was generated by Automated Insights (http://www.automatedinsights.com/ap ) using data from Zacks Investment Research. WMT stock research report from Zacks: http://www.zacks.com/ap/WMT .

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