Joel Bloomer

Wal-Mart Inc. (NYSE: WMT) has reported earnings of 88 cents per share in its first quarter. The company managed to surpass Street expectations as well as its own guidance. Wal-Mart’s same-store sales decreased 1.4%. Morningstar analyst Joel Bloomer told Barron’s, “Wal-Mart's wide economic moat...

According to an article written by Teresa Rivas on Barron’s shareholders of Wal-Mart Stores (NYSE: WMT) seem to be smiling after the company rolled back its forecasts for the fiscal second quarter. Yesterday, the company had reported its Q1 results, with EPS exceeding the expectations and guidance...