Retail Giant Walmart Posts Solid Quarterly Report, Yet Its Outlook Doesn’t Look Great

Retail behemoth Wal­mart hit all the right notes during its holiday quarter thanks to a U.S. consumer flush with savings from the gas pump and a new, better ­paying job. Although investors will have to balance the retailer’s budding comeback story with a tepid earnings estimate for the new fiscal year. Let’s take a look at the quarterly earnings. On Thursday, Wal­mart reported earnings of $1.61 a share that was 8 cents better than expected. Sales came in at roughly $132B – that fell short of forecasts. Wal­mart expects 2015 earnings will be between $4.70 and $5 a share – below what analysts are expecting.

Subscribe to TheStreetTV on YouTube:

For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:

source