Walmart stock slides 4.5% premarket as soft guidance offsets earnings beat

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Walmart stock slides 4.5% premarket as soft guidance offsets earnings beat
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Walmart Inc. stock slid 4.5% in premarket trade Tuesday, after the company offered weaker-than-expected guidance for the first quarter and full fiscal 2024,...

Walmart Inc. stock WMT slid 4.5% in premarket trade Tuesday, after the company offered weaker-than-expected guidance for the first quarter and full fiscal 2024, offsetting beats for the fourth quarter. The retailing giant posted net income of $6.275 billion, or $2.32, for the fourth quarter, up from $3.562 billion, or $1.28 a share, in the year-earlier period. Adjusted per-share earnings came to $1.71, ahead of the $1.52 FactSet consensus. Revenue rose to $164.048 billion from $152.

5% in premarket trade Tuesday, after the company offered weaker-than-expected guidance for the first quarter and full fiscal 2024, offsetting beats for the fourth quarter. The retailing giant posted net income of $6.275 billion, or $2.32, for the fourth quarter, up from $3.562 billion, or $1.28 a share, in the year-earlier period. Adjusted per-share earnings came to $1.71, ahead of the $1.52 FactSet consensus. Revenue rose to $164.048 billion from $152.

 

The market festival today is very confusing.

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