Wal-Mart Beats The Street; Stock trades Lower on Guidance

“S&P 500 (NYSE:SPY) component Wal-Mart Stores, Inc. (NYSE:WMT) reported its results for the first quarter. Wal-Mart Stores, Inc. operates Walmart discount stores, supercenters, Neighborhood Markets and Sam’s Club. Are Walmart and McDonald’s Saving Capitalism?>>

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Wal-Mart Stores Earnings Cheat Sheet for the First Quarter

Results: Net income for Wal-Mart Stores, Inc. rose to $3.4 billion (97 cents/share) vs. $3.33 billion (88 cents/share) in the same quarter a year earlier. A rise of 3% from the year earlier quarter.

Revenue: Rose 4.4% to $104.19 billion YoY.

Actual vs. Wall St. Expectations: WMT beat the mean analyst estimate of 95 cents/share. Estimates ranged from 90 cents per share to $1 per share.”

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