Company News: Wal-Mart (WMT) issued downside guidance

Market news

18 August 2015

Company News: Wal-Mart (WMT) issued downside guidance

Company reported Q2 profit of $1.08 per share versus $1.12 consensus. Revenues were $119.33 bln (unchanged from the year-ago) versus $119.13 bln consensus.

Company expected EPS for Q3 of $0.93-1.05 versus $1.08 consensus.

Company issued downside guidance for FY16, lowers EPS to $4.40-4.70 from $4.70-5.05 versus $4.76 consensus.

WMT fell to $69.92 (-2.77%) on the premarket.

Housing starts in the U.S. hit the highest level since October 2007

House prices in the U.K. increase 0.4% in June

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