Company News for August 13, 2009

• Walmart (NYSE:WMT - Snapshot Report) reported second-quarter earnings of 88 cents per share, three cents above Zacks estimates, and ahead of 86 cents a year ago.  Revenues of about $100 billion compared with Zacks estimates of $102.5 billion.  The company also said it expects third quarter earnings of 78 cents to 82 cents a share, with comparable sales through October 30 of flat to up 2% at Walmart stores and flat-to-up 1% at Sams Club stores. For the year the company expects to earn $3.50 to $3.60 a share

• Kohl's (NYSE:KSS - Snapshot Report) reported second quarter results of 75 cents a share, one cent higher than expected, on revenues of $3.8 billion, which was in line with Zacks estimates

• Nokia (NYSE:NOK - Snapshot Report) was removed from Goldman Sachs' (NYSE:GS - Analyst Report) Conviction Buy list, with its rating lowered to "hold" from "buy," due to the analyst's belief its 55% market share at the mid-end of the smartphone range is threatened with a recovery at the high-end unlikely over the next year

• Urban Outfitters (NASDAQ:URBN - Snapshot Report) reported second quarter earnings three cents higher than expected at 29 cents versus 33 cents a year ago, as sales increased 1% to $458.6 million