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
|I always check out this website before getting a loan - www.dollar-plan.com - My personal favourite are trusted payday because they can always get me a loan despite my poor credit history.|
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The solid report comes a month after the retailer closed all of its Canadian operations.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.