Wal-Mart, an American retail corporation, reported earnings which beat expectations. Earnings came out at $1.15/share, up $0.01 from a year earlier. Revenue was also positive at $119 billion. The CEO, Doug McMillon, reported that they will invest into key areas of the business including mobile capabilities and wages in stores. Fourth quarter projections, however, disappointed investors. Earnings per share were forecast to be between $1.46 and $1.56 following economic conditions. Shares are currently up 0.24% in the pre- market.
Increased hostilities between Russia and Ukraine has the EU and USA talking about further sanctions on Russia. After the losses felt during the last round of sanctions, investors have been nervous by today’s news. The ruble has been dropping again as a result, and stocks such as Sberbank and Gazprom have felt the tension in the form of more than 3% worth of losses each. Depending on the dispute between Russia and Ukraine and what sanctions are laid out, these losses could continue with similar severity as they suffered in the first round.
November 13, 2014 – Stock Market News
Wal-Mart, an American retail corporation, reported earnings which beat expectations. Earnings came out at $1.15/share, up $0.01 from a year earlier. Revenue was also positive at $119 billion. The CEO, Doug McMillon, reported that they will invest into key areas of the business including mobile capabilities and wages in stores. Fourth quarter projections, however, disappointed investors. Earnings per share were forecast to be between $1.46 and $1.56 following economic conditions. Shares are currently up 0.24% in the pre- market.
Increased hostilities between Russia and Ukraine has the EU and USA talking about further sanctions on Russia. After the losses felt during the last round of sanctions, investors have been nervous by today’s news. The ruble has been dropping again as a result, and stocks such as Sberbank and Gazprom have felt the tension in the form of more than 3% worth of losses each. Depending on the dispute between Russia and Ukraine and what sanctions are laid out, these losses could continue with similar severity as they suffered in the first round.
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