Blockbuster Deals From Wal-Mart Stores Inc. (NYSE:WMT)

Posted by Nathan Alexander November 13, 2013 0 Comment 1071 views

Wal-Mart Stores, Inc. (NYSE:WMT) has announced its blockbuster Black Friday deals two hours earlier than last year. The world’s largest retailer will host its first two Black Friday deals at 6 p.m. and 8p.m. on Thanksgiving Day and 8 a.m. on November 29, that’s Friday.

Wal-Mart said it will double the number of tablets and offer 65% more inventory on televisions as compared to last year; and that too on much lower prices.

This year’s Black Friday deals will allow customers to buy a 32-inch LED TV for as less as $98, while last year a 32-inch LED TV was sold for $148.

There seems to be major difference between last year’s and this year’s discounts at Wal-Mart.

“Black Friday is our day – our Super Bowl – and we’re ready to prove once again that no one does it better than Wal-Mart,” said Bill Simon, president and CEO, Wal-Mart U.S.

Hundreds more items will go on sale at Wal-Mart once it opens its doors on the two occasions. Check out some of the deal details.

Will Wal-Mart live up to analyst’s expectation tomorrow?

Wal-Mart Stores, Inc. (NYSE:WMT) is also ready to announce its third quarter earnings for the year 2013 on Thursday, November 14. According to the consensus estimates, Wal-Mart is expected to post $1.13 earnings per share.

The company is estimated to announce revenue of $116.79 billion for the third quarter of 2013, which represents an increase of 3% compared to $113.93 billion reported during the same quarter of 2012.

For the fiscal year, analysts predict $5.19 earnings per share, while the revenue is estimated to be somewhere about $480.19 billion.

Wal-Mart Stores’ revenue increased in the last two quarters, however, in the most recent quarter, revenues were up by 3% year-over-year to reach at $116.95 billion. And, a quarter prior to that there was just 1% increase in the company’s revenue.

On the other hand, Wal-Mart Stores, Inc. (NYSE:WMT) has been posting a decent rise in its profits for the past three consecutive quarters.

About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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