Thursday, May 18, 2023

Walmart Q1 Profit Declines, But Results Top Estimates

Retail giant Walmart Inc. (WMT) reported Thursday a profit for the first quarter of fiscal 2024 that declined 18.5 percent from last year, hurt by steep net losses on equity and other investments. However, both adjusted earnings per share and quarterly revenues topped analysts' expectations. The retailer also raised its guidance for the full-year 2024.

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