Shares of Wal-Mart (WMT) fell some 3.6% in Thursday's trading session. The US's largest retailer reported disappointing third quarter results for its fiscal 2013 before the market open.
Third Quarter Results
Wal-Mart reported third quarter revenues of $113.9 billion, up 3.4% on the year. A strong dollar had a negative currency impact of approximately $1.7 billion, or 1.5%. Net sales, which exclude membership fees came in at $113.2 billion, falling short of analysts' expectations of $114.9 billion.
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