Wal-Mart Stores (WMT) reported first quarter income from continuing operations of $1.09 per share Thursday morning, up from $0.98 per share in the previous year. The consensus estimate was for EPS of $1.04. Second quarter income from continuing operations is expected to be between $1.13 and $1.18, compared to the consensus estimate of $1.16.
Wal-Mart Stores gapped open sharply higher Thursday and climbed in early trade, before settling into a range. Shares finished up by 2.49 at $61.68 on above average volume. The stock rose to a one-month high and re-crossed its 50-day moving average.
For comments and feedback: editorial@rttnews.com