Wal-Mart posts earnings of 98 cents a share vs. 88 cents expected

May 19, 2016 11:30 AM

14 0

U.S. same-store sales were up 1 percent in the quarter, topping estimates of only a 0.5 percent increase.

The company also issued second-quarter guidance for earnings per share of 95 cents to $1.08, versus estimates of 98 cents a share.

Also read: Dow gains 100 points amid deluge of corporate news; real estate leads

Read more

To category page