What do Wal-Mart's woes say about the economy?
The stock goes up even after the retailer offers very modest guidance for the current quarter. Is the company whistling past the graveyard?
Revenue climbed a relatively meager 3.9% year over year to $127.92 billion versus the $127.76 billion Wall Street estimate.
For the first quarter, the company told analysts to expect earnings of $1.11 to $1.16 a share versus the $1.18 Wall Street estimate. For the full fiscal 2014 year that ends in January 2014, Wal-Mart projected earnings of $5.20 to $5.40 a share versus the Wall Street consensus of $5.37.
"We are confident that our low prices will continue to resonate, as families adjust to
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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