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Bloomberg Surveillance

Pettypiece: Wal-Mart taking time to turn around company

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 18 February 2016

⏱️ 12 minutes

🧾️ Download transcript

Summary

Pettypiece: Wal-Mart taking time to turn around company

Transcript

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0:54.0

Good morning,

0:55.0

on Wall Street, I'm Michael McKee, along with Tom Keene.

0:57.0

We're two hours away from the start of trading.

1:00.0

So far, futures hanging in there.

1:01.0

Looks like an up-day day at least to open the markets

1:05.0

it'd be the fourth day in a row we shall see Walmart shares not going to open

1:08.9

higher Walmart cutting its annual sales forecast to relatively flat from a previous view of up 3% to 4%

1:17.0

earnings per share of $4 to $4.30. The estimate is $4.13 rather wide there.

1:23.0

Their first quarter comp sales, disappointed, and revenue was short.

1:28.0

Walmart shares now down 4.4% on the day.

1:32.0

Boeing, we can mention them, won't face labor strife. 4.4% on the day.

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