Wal-Mart Stores, Inc. (WMT) Defies the Dow’s Drop

Today’s Dow leader
Today’s Dow leader is Wal-Mart Stores, Inc. (NYSE:WMT) , up 2.7% to $71.04. Investors have been worried about Wal-Mart, as low-income customers will be heavily affected by the increase in the payroll tax. The stock is up today after the company reported better-than-expected fourth-quarter earnings. Wal-Mart announced earnings of $1.67 per share, up from $1.50 per share last year and above analyst expectations of $1.57 per share. Revenue was $127.1 billion, up 3.7% from last year but worse than analyst expectations of $127.8 billion.

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The article Wal-Mart Defies the Dow’s Drop originally appeared on Fool.com and is written by Dan Dzombak.

Dan Dzombak can be found on Twitter @DanDzombak or on his Facebook page, DanDzombak. He has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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