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Walmart tumbles after online sales growth slows (WMT)

February 20, 2018

Shares of Walmart fell as much as 6% in early trading Tuesday after the retailer posted a 42% drop in fourth quarter earnings that missed Wall Street’s expectations.

However, the word’s largest retailer reported better-than-expected revenues of $136.27 billion, where analysts polled by Bloomberg had anticipated $134.83 billion. On a per share basis, Walmart missed, bringing in an adjusted $1.33 versus the $1.37 that was expected.

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