Thursday, November 13, 2008

Wal Mart affected by USD volatility

Chief Financial Officer Tom Schoewe said the "rapid changes" in exchange rates in the past few weeks are expected to hurt fourth-quarter results by about 6 cents per share.

"In U.S. dollar terms, strong operating performance in international may be overshadowed by these currency fluctuations," he said in a statement.

http://finance.yahoo.com/news/WalMarts-3Q-profit-rises-10-apf-13555854.html