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After 30 years at the helm of Akron Children's, Considine still looks to future
New version of Mozilla Thunderbird landing soon
SCORE offers wide variety of workshops
About Matsos Greek Dressing & Marinade
All-in-one units jolt desktop computer sales
Does it work? Test team returns to try out new products advertised on television
Most Read Stories
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Victim of beating in Kent last week is declared dead at Akron hospital
Can DNA tests free ex-Akron captain?
Dad accused of forcing son into field, killing him
Does it work? Test team returns to try out new products advertised on television
Man found dead in North Akron home is identified
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Sunday Notebook
Patrick McManamon:
Browns sick after sick loss in Detroit
Akron Zips:
Zips advance to Sweet Sixteen
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Post-game defensive quotes
Kent State Sports:
Kent State defeats Rochester College, 63-44
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Four area football teams play tonight
All Da King's Men:
The Sunday Sanity Challenge
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (69) The Brookings Institute Study on "Bending the Curve" – Four General Strategies
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Silverdome Potentially SOLD!
Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
A Random Rant on Testing
Akron Gamer:
Nintendo's Mario endures even as games come and go
Company says results in next period could fall short of estimates
By Chris Burritt
Bloomberg News
Published on Wednesday, May 14, 2008
Wal-Mart Stores Inc. reported higher fiscal first-quarter earnings Tuesday and said results for the next period could trail analysts' estimates as record gasoline prices squeeze consumers.
Net income for the three months ended April 30 increased 6.9 percent to $3.02 billion, or 76 cents a share, beating the average analyst estimate by a penny a share. For the May-to-July period, the Bentonville, Ark.-based company said it expected to earn 78 cents to 81 cents. Analysts surveyed by Bloomberg News estimated an average 81 cents.
Chief Executive Officer H. Lee Scott ordered discounts as deep as 30 percent to spur demand for medicines, groceries and consumer electronics.
Wal-Mart also is cashing tax-rebate checks for free to lure customers from Target Corp. and Kroger Co.
''There are still uncertainties about the rest of the year,'' Scott said on a recorded call. ''The economy is playing a critical factor in 2008. Customers are focusing on food and daily-use items. Small businesses are under pressure.''
First-quarter revenue rose 10 percent to $95.3 billion.
The additional visits boosted comparable-store sales by 2.7 percent, the best performance in eight quarters.
Wal-Mart customers spent an average 2.4 percent more per transaction, reflecting a consolidation of shopping trips.
Sales at stores open at least a year could be unchanged in the three months through July, the retailer said.
''In this environment, I don't think you'd want to go'' higher with the forecast, said Joseph Feldman, managing director at Telsey Advisory Group in New York.
Wal-Mart Stores Inc. reported higher fiscal first-quarter earnings Tuesday and said results for the next period could trail analysts' estimates as record gasoline prices squeeze consumers.
Get the full article here.
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