wal mart beats estimates

Wal-Mart Profit Climbs on Grocery, Electronics Sales (Update1)

By Lauren Coleman-Lochner
Dow Futures up 105 pts (were 65 pts up before results were released) !!!

And FTSE going green again, after a big green day on Monday.


Feb. 19 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, said fourth-quarter profit rose more than analysts estimated after it stepped up holiday discounts and added more brands of computers and flat-screen televisions.

Full-year earnings will be at most $3.43 a share, Wal-Mart said, less than analysts' projections.

Net income climbed 4 percent to $4.1 billion, or $1.02 a share, from $3.94 billion, or 95 cents, a year earlier, the Bentonville, Arkansas-based company said today in a statement. Excluding one-time items, profit beat estimates by 2 cents.