November 15, 2012 at 12:12 PM EST
Wal-Mart Falls On Sales Miss, Target Raises Aim
Wal-Mart (WMT) shares fell as its third-quarter revenue missed expectations Thursday on disappointing international sales. Rival Target (TGT) rose after it met sales views, beat profit forecasts and raised its holiday outlook. Wal-Mart said Q3 earnings rose 11% to $1.08, beating estimates by a penny. Sales rose only 3.4% to $113.9 billion, falling short of the $114.9 billion analysts had expected. Wal-Mart shares fell 3% in midday trading
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