Wal-Mart Jumps After Beating, Guiding Higher Despite Drop In US Profits; Buybacks Soar
August 18, 2016 at 09:02 AM EDT
After several quarters of deteriorating results, moments ago US retail giant Wal-Mart redeemed itself by reporting adjusted Q2 earnings of $1.07, higher than the $1.02 consensus estimate, on revenue of $120.9 billion.