Thu Nov 12 12:45:00 -0500 2009

Reuters (California)

- Wal-Mart Stores Inc posted a higher-than-expected quarterly profit on Thursday, but forecast earnings during the key holiday quarter that could miss Wall Street estimates as its customers face rising unemployment.

While the sales forecast appeared weak, Telsey Advisory Group analyst Joseph Feldman said much of it was due to falling food prices—a significant drag for Walmart, the largest food retailer in the United States.

To view the full article, download the PDF here: Reuters, November, 12, 2009