Why Walmart Stock Sank Today
Shares of Walmart (NYSE: WMT) fell 4.9% Thursday. The drop came as the S 500 lost 0.5% and the Nasdaq Composite lost 0.4% as investors await Federal Reserve Chair Jerome Powell's speech tomorrow.
The retail giant reported its second-quarter earnings, which were somewhat mixed. The company delivered solid sales growth but missed on earnings.
Walmart's revenue exceeded expectations at $177.4 billion, but earnings per share (EPS) were $0.68, well below the $0.74 per share consensus. The company cited tariffs as the primary challenge, as well as some legal charges and restructuring costs.
Source Fool.com
Walmart Inc. Stock
€97.69
-0.520%
With 102 Buy predictions and 1 Sell predictions Walmart Inc. is one of the favorites of our community.
As a result the target price of 101 € shows a slightly positive potential of 3.39% compared to the current price of 97.69 € for Walmart Inc..
