These Two Wal-Mart Analysts Are Not Impressed By Q3 Improvements

Wal-Mart’s stock is up over 1.1 percent in Wednesday’s session after the company reported a Q3 earnings beat on Tuesday. However, with the stock down more than 29 percent so far in 2015, shareholders are looking for a bit more than a modest earnings beat. Here’s a look at what Deutsche Bank and Barclays had to say about Wal-Mart’s earnings and what shareholders can expect in coming quarters.

The Numbers

Wal-Mart reported Q3 earnings of $1.03/share, slightly above consensus expectations of $0.98. However, earnings fell short of Q3 2014’s EPS of $1.15.

Return On Customer Service Initiatives Unclear

Wal-Mart management reported that customers are…

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