Wal-Mart Stores Inc (WMT) Earnings: Payroll Tax Hikes Beginning To Hit Middle Income Consumers?
Description:Wal-Mart Stores Inc. (WMT), the world’s biggest retailer, reported second quarter profit rose to $4.07 billion, or $1.24 a share, compared with $4.02 billion, or $1.18 a share, in the year-ago period. Excluding one-time items, the company earned $1.25 a share, in line with analysts’ estimates. Revenue came in at $116.9 billion, compared with expectations of $118.09 billion. The retail giant also issued weaker-than-expected U.S. same-store sales for the quarter, and cut its profit outlook and ea(3:45)