Retail giant Walmart Inc. (NYSE: WMT) reported weaker-than-expected results for the first quarter of Fiscal Year 2023 yesterday. The disappointing results were on the back of both revenues surpassing but earnings missing estimates. Consequently, following the muted results, shares of the company plummeted 11.4% in yesterday’s trading session. The stock is continuing its slide today, as it is currently down almost 7%. Revenue & Earnings Walmart’s revenue for the quarter came in at $141.6 billion, up 2.4% from the prior year. The company attributed the low top-line growth to the negative effects of divestitures and currency fluctuations to the tune of $5 billion and $0.4 billion, respectively.
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Walmart (NYSE:WMT)
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