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Walmart sinks 5% as 4th-quarter earnings and full-year profit guidance miss expectations

Walmart sinks 6% as 4th-quarter earnings and full-year profit guidance miss expectations Ben WinckFeb 18, 2021, 20:52 IST Kena Betancur/VIEWpress via Getty Images Walmart fell as much as 6.2% on Thursday after fourth-quarter earnings missed Wall Street estimates. The retail giant s forward guidance also rankled investors. Walmart expects profits to dip slightly and sales growth to slow. CEO Doug McMillon announced the company would lift the average wage for its associates to $15 an hour. Walmart tumbled as much as 6.2% on Thursday after the retail giant s fourth-quarter earnings landed below Wall Street forecasts. While the company s revenue through the period came in just above expectations, earnings disappointed. Losses from Walmart s UK and Japanese operations drove the bulk of the shortfall and plunged the company into an unadjusted quarterly deficit. Even excluding those operations, adjusted earnings still missed expectations.

Detailed text transcripts for TV channel - FOXNEWS - 20150409:09:46:00

network, fox business here to explain. adam. reporter: this is a lawsuit that s a problem. an appeals court could force walmart to stop selling guns and ammunition. that could change the way every publicly traded company does business. trinity church owes walmart stock. it sued the company when they refused to place a proposal on the ballot. that proposal could be interpreted to force walmart s directors to suspend the sales of guns and ammunition. trinity won the lawsuit and walmart appealed. u.s. circuit court of appeals decision is due as early as today. people who support the gun rights says the first gun ruling allows them to push whatever agenda they want at the corporate level. trinity wall street church says it does not intend to end the sale of products at walmart. the store says trinity s proposal would interfere with walmart s ordinary business operations by regulating walmart s daily decisions on

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