Walmart Stock Falls Despite Higher Earnings Forecast. Here’s Why.

Published 2 months ago Positive
Walmart Stock Falls Despite Higher Earnings Forecast. Here’s Why.
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Walmart raised its financial forecasts for the fiscal year, but the stock fell in premarket trading Thursday after the huger retailer’s earnings fell slightly short of Wall Street’s expectations. Adjusted earnings per share were softer than Wall Street was projecting, coming in at 68 cents a share, compared with estimates for 73 cents. The adjusted figure excludes one-time gains on equity and other invested, charges related to certain legal matters, and restructuring charges, Walmart said.

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