Company News: Wal-Mart (WMT) missed expectation

Market news

19 May 2015

Company News: Wal-Mart (WMT) missed expectation

Company reported Q1 profit of $1.03 per share versus $1.05 consensus. Revenues fell 0.1% year/year to $114.00 bln versus $115.48 bln consensus.

Company issued guidance for Q2, sees EPS of $1.06-$1.18 versus $1.17 consensus.

WMT fell to $78.00 (-2.40%) on the premarket.

U.S.: Housing Starts, mln, April 1135 (forecast 1019)

Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the weaker-than-expected inflation data from the U.K.

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