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Wal-Mart Stores Inc. (WMT) Climbed To A New High After Forecast Reiterated

Wal-Mart Stores Inc. (WMT) reiterated its full year 2018 adjusted EPS forecast of 4.30 to $4.40 Tuesday morning. Analysts' are expecting EPS of $4.38.

The company also announced a new $20 billion share repurchase program to replace its existing authorization.

Wal-Mart gapped up sharply Tuesday and climbed until mid-morning, before settling into a range. The stock closed up by 3.60 at $84.13 with volume at nearly a 4-month high. Wal-Mart broke out of over a 2-month trading range and set a new high for the year.

by RTT Staff Writer

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