Wal-Mart Stores Inc.’s (WMT) second-quarter earnings rose 5.7% as the retail giant’s U.S. same-store sales remained flat, though margins declined. The company raised its full-year earnings view to $4.41 to $4.51 a share from $4.35 to $4.50 and forecast current-quarter earnings of 95 cents to $1 a share while analysts surveyed by Thomson Reuters expect [...]
Google Inc.’s second-quarter earnings missed analysts’ target as higher expenses and the fallout from the European debt crisis dragged down the Internet search leader. The letdown announced Thursday stemmed from Google’s expanding payroll and a run-up in the U.S. dollar that has been driven by fears that the euro will crumble if governments in Greece, [...]
J.P. Morgan Chase & Co. (JPM) generated stronger results than expected as it is recovering from its wounds caused by soured loans. For the first time since the American economy started to recover, it was Main Street rather than Wall Street that lifted the bank’s second quarter earnings, by 76% from a year earlier, to [...]
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