Goldman Sachs Comment on Wal-Mart's (WMT) Q1 and Guidance
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Wal-Mart (WMT) Number Sliced at Jefferies Post Q1 But 'Buy' Maintained
May 16, 2014 8:50 AM EDTJefferies analyst Daniel Binder trimmed estimates and his price target on Wal-Mart (NYSE: WMT) to $89.00 (from $92.00) following Q1 results but maintained a a Buy rating.
Binder comments, "It's early in the year, but investment spending and healthcare expenses are running higher than... More
Wal-mart Stores (WMT) Misses Q1 EPS by 5c; U.S. Comps Flat; Issues Light Q2 Outlook
May 15, 2014 7:04 AM EDT(Updated - May 15, 2014 7:07 AM EDT)
Wal-mart Stores (NYSE: WMT) reported Q1 EPS of $1.10, $0.05 worse than the analyst estimate of $1.15. Revenue for the quarter came in at $114.2 billion versus the consensus estimate of $116.29 billion.
"Walmart's first quarter net sales increased 0.8 percent over last year. Like other retailers in the United States, the unseasonably cold and disruptive weather negatively impacted U.S. sales and drove operating expenses higher than expected," said Doug McMillon, Wal-Mart Stores, Inc. president and chief executive officer.
"Walmart's underlying business is solid, and I'm confident in our long-term... More
