November 15, 2012 at 11:03 AM EST
Tale Of Two Third Quarters: Wal-Mart Slumps As Target Gains
Shares of Wal-Mart (WMT) were falling nearly 4% today, while rival Target (TGT) pushed ahead more than 1% in recent trading on their respective fiscal third-quarter earnings reports. Wal-Mart, the world’s largest retailer, said it earned $3.64 billion, or $1.08 a share, up from 96 cents in the year-ago period. In August the company forecasted [...]
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