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Why Walmart Stock Fell Again Today

TheMotleyFool

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Why Walmart Stock Fell Again TodayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

Just one day after Walmart (NYSE: WMT) reported disappointing first-quarter results that sent its share price plunging 11% yesterday, the retail stock was falling again today after rival Target reported financial results that were also below investors' expectations.

The retail stock was down by 6.2% as of 2:30 p.m. ET.

Walmart investors were still reeling from yesterday's reported financial results, in which the company's adjusted earnings of $1.30 per share in the first quarter, down 23% from the year-ago quarter, fell below analysts' consensus estimate of $1.48.

Source Fool.com

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