Tuesday, November 15, 2022

Walmart Slips To Loss In Q3, But Results Top Estimates

Retail giant Walmart reported Tuesday a loss for the third quarter compared to a profit last year, despite strong revenue growth, hurt by hefty $3.3 billion charges related to opioid legal settlements. 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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