Wal-Mart’s Soft Quarter, Verizon Rethinks Canadian Strategy, and 3 More Hot Stocks
Wal-Mart (NYSE:WMT): Wal-Mart has reported EPS of $1.25, in-line with expectations. Revenue of $116.2 billion missed, by $2.4 billion, as comparable store sales growth slipped negative at -0.2 percent with analysts calling for a 0 percent to 2 percent range. This included a -1.3 percent slump in the U.S. However, the international unit performed well comparably — up 2.9 percent to $33 billion. The new guidance is set at $5.10 – $5.30, down from prior guidance of $5.20 – $5.40.