Wal-Mart's Earnings Report Exceeds Wall Street Expectations
A better than expected third-quarter earnings report gave investors some faith in the retail giant.By Ben Lawson | November 17, 2015
Things are starting to look up for Wal-Mart after its third-quarter earnings report beat Wall Street's expectations.
Comparable sales at Wal-Mart's stores rose 1.5 percent, and traffic was up 1.7 percent. But its total revenue at $117 billion is down compared to last year's figure of $119 billion.
Last month, company stock plunged after it said profits next year could drop as much as 12 percent. But stock was up at more than 5 percent following the third quarter earnings report.