Walmart Shares Retreat on Wary Earnings Outlook for Year

Walmart’s stock fell as the global retailer issued a wary earnings outlook for the current year.

The Bentonville, Ark.-based company raised its sales and earnings guidance for the full 12 months, but the per-share number mostly fell short of the average analyst estimate.

The outlook came after Walmart reported slightly better-than-expected results for the third quarter.

Source link

About The Author

Scroll to Top