Why Walmart shares are down despite earnings beat

Shares in Walmart (WMT) cheapened 3% to $123.1 in pre-market Wall Street trading after the world’s biggest retailer forecast weaker-than-expected FY27 earnings. The groceries-to-general merchandise seller’s conservative guidance overshadowed a Q4 earnings beat. Share price: $123.1 (-3%) PE: 44.3 Market cap: $1.01trn Yield: 0.7% Alongside other consumer staples, the Bentonville-based behemoth has offered a safe … Continue reading Why Walmart shares are down despite earnings beat