• Shares of the company plunged nearly 10% in morning trading
Walmart Inc (NYSE: WMT) reported lower-than-expected earnings for the first quarter on Tuesday and also cut its full-year profit outlook.
Shares of the company plunged nearly 10% in morning trading.
The retailer missed earnings estimates for the first time in five quarters as it posted earnings of $1.30 per share in the first quarter, against expectations of $1.48 per share.