Why Walmart Stock Is Sinking Today
Shares of Walmart (NYSE: WMT) are falling on Thursday. The company's stock fell 6.3% as of noon ET. This comes as the S&P 500 (SNPINDEX: ^GSPC) lost 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.8%.The retail giant reported earnings before the market opened on Thursday. While the company delivered a strong quarter, weak guidance concerned investors.Walmart posted Q4 earnings per share (EPS) of $0.66 on sales of $180.55 billion. The numbers came in slightly ahead of analyst estimates for EPS, but just shy of sales estimates.Continue reading
Shares of Walmart (NYSE: WMT) are falling on Thursday. The company's stock fell 6.3% as of noon ET. This comes as the S&P 500 (SNPINDEX: ^GSPC) lost 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.8%.
The retail giant reported earnings before the market opened on Thursday. While the company delivered a strong quarter, weak guidance concerned investors.
Walmart posted Q4 earnings per share (EPS) of $0.66 on sales of $180.55 billion. The numbers came in slightly ahead of analyst estimates for EPS, but just shy of sales estimates.
