Jefferies Maintains Hold Saying Wal-mart (WMT) Supercenters are Stagnating
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Market Wrap: Housing Starts Rip in April; Achillion Enters Key HCV Pact; IRS May Stymie Yahoo!'s Asset Spin Plans
May 19, 2015 5:25 PM EDTMarket wrap for May 19th
End of the Day: S&P 500 down 1.4 to 2,127.83; Dow Jones up 13.5 to 18,312.39; Nasdaq down 8.4 to 5,070.03
Market Brief: Markets were mixed amid another light, post-Q1 trading session.
Strong housing data was reported early Tuesday with housing starts and building permits both outpacing expectations for April.
Yahoo! dropped late in the session on speculation that new IRS rules might curb its plans for a tax-free spin of its Alibaba stake.
Computer Sciences announced that it would split... More
Wal-mart (WMT) Posts Q1 EPS of $1.03; U.S. Comps Rose 1.1%
May 19, 2015 7:04 AM EDTWal-mart (NYSE: WMT) reported Q1 EPS of $1.03, versus the analyst estimate of $1.05. Revenue for the quarter came in at $114.8 billion versus the consensus estimate of $116.3 billion.
*** Currency negatively impacted EPS by approximately $0.03.
Walmart U.S. 1.1% comp includes positive traffic for the second... More