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Market Update : 
Wal-Mart Beats Estimates
Author: Elena Todorova
123jump.com
Last Update: 9:04 AM EDT May 16 2006


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Stock futures were poised to a flat opening with investors awaiting producer prices data. In earnings news, Wal-Mart Stores Inc. reported Q1 profit rose 6.3% to 63 cents per share, up from 58 cents a year ago, beating estimates of 61 cents. Home Depot posted Q1 profit rise of 19% to 70 cents a share, compared with a profit of 57 cents a share, for the same period a year ago, exceeding expectations of 67 cents a share.

 

 

 
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