UPDATE: Wal-Mart de Mexico Posts Drop In Q4 Profit
February 19, 2014 at 04:39 AM EST
Wal-Mart de Mexico SAB (OTC: WMMVY ) reported a 13% fall in its Q4 net profit. Wal-Mart Stores' Mexican unit posted its quarterly net profit of 7.30 billion Mexican pesos ($553 million), versus analysts' estimates of 123.3 billion pesos. Its sales at stores open more than 12 months fell 1.4%