Why Walmart Stock Fell 11.4% after Reporting Earnings

Walmart’s revenue for the quarter came in at $141.6 billion, up 2.4% from the prior year. The company attributed the low top-line growth to the negative effects of divestitures and currency fluctuations to the tune of $5 billion and $0.4 billion, respectively. Yet, the figure surpassed the consensus estimate of … See more

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Why Walmart Stock Fell 11.4% After Reporting Earnings

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Walmart’s Stock On Pace For Largest Daily Percentage Decline In …

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Nov 16, 2023 · Walmart’s WMT stock fell 7.5% Thursday, putting it on pace for its largest …

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Why Is Walmart (WMT) Down 1.2% Since Last Earnings Report?

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Dec 15, 2022 · The gross margin at Walmart U.S. fell 77 bps due to increased general …

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Retail Stocks Skid As Walmart Dives On Profit Warning

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Jul 26, 2022 · Walmart said it expected adjusted earnings per share for the full year to fall 11% …

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Why Is Walmart (WMT) Down 3.3% Since Last Earnings Report?

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Sep 15, 2022 · Walmart Q2 Earnings Beat Estimates, Revenues Rise Y/Y Walmart reported …

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Walmart On Pace For Largest Percent Decrease Since ... - Morningstar

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5 days ago · Walmart Inc. (WMT) is currently at $89.72, down $2.52 or 2.73% --Would be …

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Why Is Walmart (WMT) Down 2.5% Since Last Earnings Report?

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Jun 16, 2022 · Walmart reported first-quarter fiscal 2023 results. Adjusted earnings of $1.30 …

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Stock Market Today: Dow Drops After Cisco, Walmart Earnings

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Nov 16, 2023 · Nevertheless, Walmart stock fell 8.1% – erasing $37 billion in market value – …

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Walmart (WMT) Dips More Than Broader Market: What You …

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1 day ago · The latest trading session saw Walmart (WMT) ending at $91.66, denoting a …

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Why Walmart (WMT) Is Poised To Beat Earnings Estimates Again

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Nov 8, 2024 · For the last reported quarter, Walmart came out with earnings of $0.67 per share …

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Why Is Walmart (WMT) Down 4.3% Since Last Earnings Report?

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Mar 20, 2021 · Walmart Q4 Earnings Miss Estimates, Sales Increase Y/Y Walmart posted …

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Why Is Walmart (WMT) Down 3.3% Since Last Earnings Report?

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Sep 15, 2022 · It has been about a month since the last earnings report for Walmart (WMT …

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Walmart Stock Surges 76% In 2024: Is WMT Still A Buy For 2025?

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3 days ago · Walmart Inc. (WMT Quick Quote WMT - Free Report) has been a standout …

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Why Is Walmart (WMT) Down 4.3% Since Last Earnings Report?

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Mar 20, 2021 · Walmart Q4 Earnings Miss Estimates, Sales Increase Y/Y Walmart posted …

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FAQs about Why Walmart Stock Fell 11.4% after Reporting Earnings Coupon?

Why is Walmart's stock falling?

Why Its Stock Is Falling. Walmart shares were lower Tuesday morning, as the retail giant turned in a stronger-than-expected second quarter but warned that demand was waning as stimulus checks ran out. Walmart (ticker: WMT) said it earned $6.48 billion, or $2.27 per share, up from $1.26 per share a year earlier. ...

Did Jim Cramer like Walmart's earnings report?

Despite a stock price drop, former hedge fund manager and TV personality Jim Cramer was somewhat impressed by Walmart’s earnings report. “WMT not that bad!” he tweeted. WMT not that bad! ...

Why did Walmart's gross margin fall 77 BPS?

The gross margin at Walmart U.S. fell 77 bps due to increased general merchandise markdowns and a mix shift toward grocery, somewhat offset by pricing. The adjusted operating income at cc rose 4.6% to $6.1 billion. ...

How did the market react to Walmart's bad results?

The market reacted to the poor results and earnings revisions by sinking Walmart’s stock. At the end of the day, the shares were down over 11%, the steepest one day drop since 1987. The company suffered a second blow the following day when Target’s quarterly results debuted and were considerably worse than that of Walmart. ...

What happened to Walmart's operating income?

Walmart’s operating income at the end of the quarter stood at $5.3 billion, down 23% from the previous year. Notably, the company’s gross profit rate also declined 87 bps to 23.8%. However, Walmart’s global advertising business grew more than 30% year-over-year. ...

Why did Walmart stock drop a day?

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Walmart shares suffered the biggest one-day drop since the eve of the Black Monday stock market crash after the company cut its earnings guidance following a quarter in which it was wrongfooted by the rapid pace of inflation in the US. ...