Walmart, America’s largest retailer, caused the market to freak out last week when an internal email complaining of slow sales surfaced. But the company allayed some investor concerns by reporting a better-than-expected profit for its most recent quarter. In the just-completed fourth quarter, which included the crucial holiday season, Walmart’s same-store sales rose just one percent. Investors were cheered by the profits, and by an announcement that the company would increase its dividend.
Read it at Reuters
