Walmart $WMT Raise Earnings Outllook as Online Sales Up 50%

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  • #13507
    ThePitBoss
    Participant

    [article]395[/article]

    #13512
    ThePitBoss
    Participant

    Wal-Mart Stores Still motoring higher
    NYSE: WMT · November 16, 1:22 PM EST
    98.02 ▲ 8.19 (9.12%)

    #13513
    Assistanc3
    Participant

    Consolidated net income fell sharply to $1.75bn from $3.03bn in the year ago period. That translated to earnings per share of 58 cents, down from 98 cents in the year ago period. However, that reflected one-time charges including a 29 cent charge associated with the company’s recent debt tender offer, a 9 cent charge associated with a US investigation into allegations of bribery and other charges tied to a decision to exit certain properties.

    #13517
    MoneyNeverSleeps
    Participant

    Market doesn’t care about details it seems … or is it short covering?

    #13519
    Assistanc3
    Participant

    online growth and guidance propelling it higher

    [quote=”MoneyNeverSleeps” post=3275]Market doesn’t care about details it seems … or is it short covering?[/quote]

    #13520
    Assistanc3
    Participant

    hard to believe a $200+ billion market cap company could move up 10% in a day

    #13528
    Helmholtz Watson
    Participant

    $WMT hasn’t looked back since the last gap up either – $GE and $WMT 2 icons of the Dow – 2 totally different stories

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