Walmart tumbles after online sales growth slows WMT
Get the Full StoryAPWalmart is down more than 6 Tuesday morning after reporting disappointing earnings.
The world's largest retailer reported adjusted earnings of 1.33 per share where Wall Street expected 1.37.
Revenue was better-than-expected, but contributions from e-commerce fell by 27 percentage points from last quarter.
Shares of Walmart fell as much as 6 in early trading Tuesday after the retailer posted a 42 drop in fourth quarter earnings that missed Wall Street’s expectations.
However, the word’s largest retailer reported better-than-expected revenues of 136.27 billion, where analysts polled by Bloomberg had anticipated 134.83 billion. On a per share basis, Walmart missed, bringing in an adjusted 1.33 versus the 1.37 that was expected.See the rest of the story at Business InsiderNOW WATCH: Microsoft President Brad Smith says the US shouldn't get 'too isolationist'See Also:The top 20 presidents in US history, according to historians10 up-and-coming healthy fast food chains that should scare McDonald'sSomething unusual is happening to America's trucking industry, and it's bad news for anyone who depends on it
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