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Wal-Mart Loses Its Way

Stock quotes in this article: WMT , TGT , SWY , KR  

There's wasn't much love going around for Wal-Mart (WMT Quote) Tuesday after the retail giant reported a lackluster first quarter and said the second quarter doesn't look much better.

Wal-Mart's earnings for the period were in line with forecasts, although revenue was below estimates. Additionally, the company projected second-quarter earnings of 75 cents to 79 cents a share, allowing for downside to Wall Street's estimate of 79 cents.

While CEO Lee Scott pointed out that revenue and earnings were at record levels, he admitted that "there was an opportunity to have done better." ...

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