Check Out Line: Discounting the discounter
Check out Wal-Mart’s earnings.
The world’s largest retailer posted a 7 percent rise in quarterly profits.
But even as the discounter drew cash-strapped consumers looking to save money, the company also indicated that it could miss second-quarter earnings estimates, which pressured its stock price in the morning.
Consumers are being hit by higher transportation costs and a difficult [...]
http://feeds.reuters.com/~r/reuters/blogs/shop-talk/~3/289462726/