Tuesday, November 16, 2021

Walmart Q3 Profit Drops 40%, But Results Top Estimates

Retail giant Walmart Inc. reported Tuesday a profit for the second quarter that declined 40 percent from last year, despite revenue growth, hurt by lower margins amid increased supply chain costs. However, adjusted earnings per share and quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2022.

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