sheets reporting earnings in the last 24 hours, and each company with how it performed says a lot about the economy and where it s headedded. look into the companies and see what s happening. we re talking about wal-mart and cisco. both widely held in many walmart, the largest nation s employer outside the u.s. government, they blamed it on the weather, on chillier than average spring temperatures, but also on late tax refunds. expenses also rose 44%. mostly related to bribery allegations in new mexico. shares of walmart down two and a quarter percent, and 7804, off the highs of the second. the second company, cisco, tech giant cisco, surprised the street earning 2.5 billion for the third quarter. that s up 14%. this is the company that makes networking gear for the interpret, but also they are trying to transform themselves into the i.t. company. cisco is seeing a pick up in orders in both the u.s. and overseas and where they see a pick up in the stock now, widely considered
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