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Stock Market Today

Monday, February 24 2020

Daily Updates

GAAP, Items, And Adjusted Earnings - Sometimes a Strange Tale

Value Line Research Department | 02/24/2020

It is axiomatic that a company’s stock’s price is the present value of all future cash flows it is likely to pay out, and that earnings constitute one gage of a company’s economic value. Unfortunately, there is often a lot of smoke between published profits according to generally accepted accounting principles and the real output of a company.

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Stocks Highlights

Dow 30 Earnings: Walmart Inc. Fiscal Fourth Quarter 2019

Kevin Downing | 02/18/2020

General goods retailer Walmart Inc. (WMT) reported slightly worse-than-expected results for the fiscal fourth quarter ended January 21, 2020. Total revenue of $141.7 billion rose 2.1% year over year, but fell 3.3% short of our estimate. Too, adjusted earnings per share of $1.38 were $0.03 below the year-ago figure. Same-store sales for Walmart U.S. were up 1.9%, missing the 3% mark Walmart had been forecasting. Increases in traffic and the average transaction amount were roughly the same.

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Stocks Highlights

Dow 30 Earnings: Cisco Systems Fiscal Second Quarter 2020

Kevin Downing | 02/13/2020

Networking equipment and software maker Cisco Systems (CSCO) reported in-line results for the fiscal second quarter ended January 25, 2020. However, some investors were disappointed with the company's order book, and the shares were down in response.

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