that significantly missed Wall Street's expectations. Walmart posted adjusted first-quarter earnings of $1.30 per share on revenue of $141.57 billion.
Analysts had expected a profit of $1.48 per share on revenue of $138.94 billion, according to Refinitiv consensus estimates. Walmart cited cost pressures from rising fuel prices, higher inventory levels and overstaffing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia Pacific Stocks Rise After Volatile Week as Investors Look to China's Economic DataChina will report data on April’s industrial production, retail sales, fixed asset investment and unemployment on Monday.
Source: nbcchicago - 🏆 545. / 51 Read more »
JPMorgan Upgrades China's Tech Sector, Says It's Time to Buy These StocksJPMorgan has upgraded Chinese tech stocks on the back of diminished risks, just two months after calling the sector “uninvestable.”
Source: NBCDFW - 🏆 288. / 63 Read more »
Stocks end mostly lower, extending losing streak for S&P 500Stocks closed a wobbly day of trading mostly lower on Wall Street on Monday, extending a losing streak for markets.
Source: latimes - 🏆 11. / 82 Read more »
Jim Cramer Says to Consider These Five High-Yielding Stocks to Upgrade Your Portfolio“We need to high-grade our accidental high-yielder portfolio,” the “Mad Money” host said Monday.
Source: NBCDFW - 🏆 288. / 63 Read more »
Stocks end mixed as Nasdaq sinks 1.2%, oil tops $114U.S. investors are in for another choppy week as Wall Street strategists turn more cautious on equities. FAUX NEWS! Radicalizing Mass Shooters Across America Sponsored by: FoxNews balanceofnature LibertyMutual NewDayUSA relieffactor USAA indeed Nutrisystem Progressive safelite Applebees ADT The Buffalo shooter isn’t a “lone wolf.” He’s a mainstream Republican.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Watch Jim Cramer break down which high-yielding stocks are investable and whyThe 'Mad Money' host on Monday's episode of the show explained why investors should be looking at high-yielding stocks — while still being selective — to navigate the current market.
Source: CNBC - 🏆 12. / 72 Read more »