date:Apr 29, 2014
full-year profit that lagged behind analyst estimates amid cuts to government benefits and tighter credit in the U.S., its biggest market accounting for 71% of revenue in the latest 12-month period.
Profit per share will be $5.10 to $5.45 in the year ending January 2015, Wal-Mart said Feb. 20. The average of 28 analysts estimates compiled by Bloomberg at the time was $5.55 a share.
Wal-Mart faces challenges in several Asian countries. The retailer was previously fined in China over food safety