Business & Economy · 45 views
Walmart stock tumbles 9% after outlook disappoints Wall Street
Walmart on Thursday posted quarterly sales that beat Wall Street estimates and raised its outlook for the year, as it saw another strong quarter of e-commerce growth and benefited from tariff refunds .
Summary
Walmart on Thursday posted quarterly sales that beat Wall Street estimates and raised its outlook for the year, as it saw another strong quarter of e-commerce growth and benefited from tariff refunds . "Our business is strong," CFO John David Rainey told CNBC. "We feel really good about the progress we're making."
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