Tuesday, October 25, 2016
Joined Nov 11, 2007
31,930 Blog Posts

$WMT Misses Estimates, Company Discusses Ongoing Probe by DOJ on Foreign Corrupt Practices Act


“(Reuters) – Wal-Mart Stores Inc reported quarterly sales below analysts’ expectations on Thursday, with sales at established U.S. discount stores up, but not as much as Wall Street expected.

Wal-Mart shares fell 2.7 percent to $69.40 in premarket trading.

Still the world’s largest retailer also said sales so far this month were better than expected in the United States as its focus on low prices has resonated in an economy where unemployment continues to be high.”

Full reportĀ 

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One comment

  1. drummerboy

    and that ,my chillens,is why the dltr’s and the likes,are stalling a bit.the last 16 months wmt has been trying fervently to compete directly with the dollar only crowd. this is proof they are winning.