Wal-Mart shares get no respect

Article Abstract:

Discount retailer Wal-Mart Stores Inc of Arkansas has posted a profit of $1.1 billion, or 25 cents a share, in the 1st qtr ended Apr 30, 1999, up by 34% from $828 million, or 18 cents, from the year-ago period. The profit exceeded the 22 cents per share that analysts were expecting. Although its stock is trading at 44 times earnings, most analyst still recommend a buy or hold because of its enormous earnings growth. The company posted total sales of $137.6 billion in 1998.

Retail Trade, Financial analysis, Wal-Mart Stores Inc.

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Hudson's Bay ekes out higher sales in quarter

Article Abstract:

Department store chain Hudson's Bay Co of Toronto, Ontario, has posted an overall profit of C$11.5 million in the 2nd qtr ended Jul 31, 1999, up from C$7.1 million in the year-ago period. However, profit per share on remains flat at 12 cents. The company has lost C$9.1 million or 17 cents a share in the 1st half of FY99, compared with a loss of C$15.4 million or 22 cents a share for the same period in FY98.

Sales, profits & dividends, Department Stores, Hudson's Bay Co.

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