Shares of Wal-Mart Stores (NYSE: WMT) popped nearly 12% last month, according to data from S&P Global Market Intelligence. The retail behemoth announced a massive new share-repurchase program and offered an optimistic outlook for the year ahead.
During its annual investor day, Wal-Mart reiterated its profit forecast for fiscal 2018, including adjusted earnings per share of $4.30 to $4.40. The midpoint of that range would be up slightly from fiscal 2017’s $4.32 in adjusted EPS.