“Wal-Mart: Worst Stock Decline in 15 years”

“Wal-Mart: Worst Stock Decline in 15 years”

Wal-Mart is experiencing the worst stock decline in more than 15 years. Earnings will decrease 6 percent to 12 percent in fiscal 2017, which ends in January of that year, the Bentonville, Arkansas-based company said at its investor day on Wednesday. Analysts had estimated a gain of 4 percent on average, according to data compiled by Bloomberg.” Charles Grom, an analyst with Sterne Agee & Leach, claims the outlook “far worse than anyone expected.”

Click here to read the full story

No comments yet.

Leave a Reply