Reuters - Video

Edition: U.S. | U.K. | IN | CN

Top News

U.S. Morning Call: Wal-Mart, Target quarterly profits rise

Thursday, November 15, 2012 - 03:03

Nov 15 - Wal-Mart posted a higher quarterly profit today helped by strong sales of back to school merchandise in the U.S.

▲ Hide Transcript

View Transcript

Big box retailers out with a result and BP here's your morning call for Thursday. Wal-Mart posting higher quarterly profit today helped by strong sales of back to school merchandise in the US. It also affirmed its top and a full year earnings per share guidance saying the company is well positioned for the holidays. The retail giant's third quarter sales came in at 113. Point eight billion that's at 3.4 percent increase from last year. All just good news but shares of Wal-Mart shopping just over percent in the premarket. Rival target out with results just minutes ago target coming in above expectations with earnings at 96 cents per share that's above the view. A 77 cents per share target is trading slightly higher in the premarket. We also have earnings from Viacom network reported decline in quarterly revenue on a sharp drop in movie box office sales but its profit rose. And according after the bell today we've got Dell and applied materials also some more retailers dollar tree and GAAP. US stock futures put into higher open on Wall Street after losses on Wednesday. It's a busy day for the Fed as Ben Bernanke -- housing in Atlanta. Inflation hawks -- -- Richard Fisher and Charles Plosser will also take to the podium. Investors looking -- today as China and -- and older conservative leadership lineup court's ruling Communist Party. Chinese shares sank to their lowest in seven weeks on uncertainties surrounding their policies. Also keep -- -- oil and gold prices today as tensions mount in the Gaza Strip following violence on both sides. So on economic data out this morning let's start with jobless claims expected to inch up this week. To 375000. From 355000. Filed in the prior week. Also due at 830 -- and the Consumer Price Index for October economists polled by Reuters expect prices have risen. Point 1% overall. Inflation pressures still looking mild. Ever since stocks to watch keep your -- and BP's London based oil giant is expected to pay the largest criminal penalty in US history. For misconduct in the 2010 deep water horizon oil spill. Sources telling Reuters that BP will plead guilty in a deal reached with the Department of Justice. Five are currently holds a fine record paying one point three billion in 2009 from marketing fraud BP off talks with the SEC. Shares of BP falling on the London Stock Exchange down nearly 3%. And finally Texas Instruments eliminating 17100. Jobs about 5% of its global workforce. The chipmaker halting its Smartphone and tablet chip business instead focus on chips for cars and home appliances. That's all your morning call this Thursday for more news follow us on Twitter at Reuters Insider in check out our Reuters YouTube channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is Reuters.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Wal-Mart, Target quarterly profits rise

Thursday, November 15, 2012 - 03:03

Editors' Picks »

Business »

Technology »

Smart wristband to shock away bad habits Smart wristband to shock away bad habits

Fri, 23 Jan, 2015 - (2:29)

Obama calls on Congress to tackle cyber security Obama calls on Congress to tackle cyber...

Wed, 21 Jan, 2015 - (0:55)

Smelly rain unraveled by scientists Smelly rain unraveled by scientists

Tue, 20 Jan, 2015 - (1:06)

3D laser mapping 'weighs' trees 3D laser mapping 'weighs' trees

Wed, 14 Jan, 2015 - (1:47)

Eucalyptus study could be key to koala survival, says researcher Eucalyptus study could be key to koala...

Sun, 11 Jan, 2015 - (2:33)

BMW goes solar at CES BMW goes solar at CES

Thu, 08 Jan, 2015 - (2:16)

Moving Pictures »

Images of December Images of December

Tue, 23 Dec, 2014 - (0:30)

Tsunami - unclaimed possessions Tsunami - unclaimed possessions

Tue, 23 Dec, 2014 - (2:23)

Images of November Images of November

Tue, 02 Dec, 2014 - (0:30)

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Oddly Enough »

Robots dance in mass-games fashion Robots dance in mass-games fashion

Wed, 21 Jan, 2015 - (1:30)

India has most of the world's tigers India has most of the world's tigers

Wed, 21 Jan, 2015 - (1:22)

Cat saves abandoned baby Cat saves abandoned baby

Tue, 20 Jan, 2015 - (1:09)

Pope Francis - the musical Pope Francis - the musical

Sat, 17 Jan, 2015 - (1:35)

Google partners with auto suppliers on self-driving car Google partners with auto suppliers on...

Thu, 15 Jan, 2015 - (1:32)

Dateline Asia »

Asia Week Ahead: Markets await Greece vote Asia Week Ahead: Markets await Greece vote

Fri, 23 Jan, 2015 - (1:18)

Netflix to push play in China Netflix to push play in China

Thu, 22 Jan, 2015 - (1:41)

Japan in a tight spot over hostage crisis Japan in a tight spot over hostage crisis

Thu, 22 Jan, 2015 - (1:05)

Behind the pretty face of K-pop Behind the pretty face of K-pop

Thu, 22 Jan, 2015 - (2:09)

Record slowdown in China's economic growth Record slowdown in China's economic growth

Tue, 20 Jan, 2015 - (1:52)

North Korean defector changes his story North Korean defector changes his story

Mon, 19 Jan, 2015 - (1:03)

China stocks hit by credit crackdown China stocks hit by credit crackdown

Mon, 19 Jan, 2015 - (1:16)

Xiaomi smartphones look to go global Xiaomi smartphones look to go global

Mon, 19 Jan, 2015 - (1:54)

Clamping down on China's toxic toys Clamping down on China's toxic toys

Fri, 16 Jan, 2015 - (1:11)

In China, a new a challenge to Apple In China, a new a challenge to Apple

Fri, 16 Jan, 2015 - (1:09)

Ecstatic Filipinos cheer the Pope's arrival Ecstatic Filipinos cheer the Pope's arrival

Fri, 16 Jan, 2015 - (1:11)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)