WalMart Crashes Most Since Lehman After Slashing Guidance, Sees Up To 12% EPS Drop

by Tyler Durden
ZeroHedge.com
10/14/2015

So much for minimum wage…

*WAL-MART SEES FY2017 EPS DECREASING 6-12% VS FY2016
*WMT PLANS REDUCTION IN CAPITAL EXPENDITURES THROUGH FY19

But – of course – in an effort to assuage fears, they have boosted the buyback to $20bn. The market is not happy – dropping the most since Lehman…

The Rest…HERE

This entry was posted on Wednesday, October 14th, 2015 at 10:55 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.