Market News Briefing – Aug 18th 2016 13:30 (GMT+1)

shutterstock_1466809611-1024x556

Wal-Mart beat the forecasts:

The US retail giant Wal-Mart today raised the annual profit forecast after recorded a financial results which were better than expected – $1.07 per share, five cents more than analysts’ forecasts on revenue of $120.9 billion, for the second quarter of the year.
Wal-Mart jumped by 3% in trading before the opening of Wall Street and will open the regular trading hours at the peak of 15 months.

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s