UPDATE: Wal-Mart de Mexico Posts Drop In Q4 Profit

Wal-Mart de Mexico SAB

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% in the quarter. For the full year, the company's net profit fell 2.4% to 22.71 billion pesos, while sales gained 3.1% to 420.58 billion pesos. Wal-Mart de Mexico shares closed at $23.06 yesterday.