What does this term mean (Read On)?

No. That means that total Wal Mart sales are expected to be $107.89 billion. The profit (sales minus expenses) will be $0.97 when you spread it across all the shares.

The simple version is that when you buy stock, you are buying part of a company. If that company makes a profit, the company will use some of that money to grow the company, and the rest it will pay to the stockholders as dividends. If you think a company will have big profits in the future, that means you will get big dividends in the future (even if the company doesn't pay dividends now).

If you think a company will have big dividends in the future (because you think the company will have big profits), then you will pay more for a share of that company.

If something happens that changes what you think the company's future profits and dividends will be, that will change how much you will pay for a share of that company.

So, to answer your question: If that is the profit people were already expecting, then the stock price will not change because of this announcement. If this announcement is a disappointment, the price will go down. If this announcement is surprisingly good news, the price wil go up.

Let's pretend that the previous profit estimate was $0.77 per share. This is a $0.20 per share increase tht was just anounced. Does that mean the stock goes up $0.20 per share? No. If you think the estimated profit for that time period has gone up, you probably think profits will be higher in future time periods. So, you're not just buying the expectation of the $0.97 per share profit. You're buying the sum of all the future expected profits.

But since a dollar tomorrow is worth less to you than a dollar today, the profits in the near future matter more to you than the expected profits in the distant future, and you adjust the price you pay for the stock accordingly (as do everyone else in the market).