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Stock impact report

Market Takes Walmart Guidance Cut in Stride [MSN Money]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: MSN Money
© (AP Photo/Jae C. Hong, File) Walmart stock was up nearly 2 percent on Tuesday. Walmart (WMT) lowered its full-year earnings per share guidance on Tuesday and said online sales growth will likely slow in fiscal 2019. Despite the cautious outlook, WMT stock traded higher on Tuesday, and analysts say the near- and long-term outlook for the retail giant is still extremely bullish. Load Error Walmart has reiterated its full-year fiscal 2019 sales guidance, but has reduced its EPS guidance by 25 cents. The company now expects 2019 adjusted EPS of between $4.65 and $4.80, down from a previous range of between $4.90 and $5.05. WMT stock took the guidance cut in stride because the company had previously indicated its $16 billion acquisition of a 77 percent ownership stake in India’s Flipkart in May would negatively impact earnings in the near term. “We are leveraging our scale, assets and financial strength in ways unique to Walmart to enhance and build competiti Show less Read more
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