Walmart Stock Drops After Earnings. Where It Will Raise Prices—and Where It Won’t.
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Walmart posted a strong first quarter and reiterated guidance for the year. For the quarter ended April, the discount chain reported adjusted earnings of 61 cents a share, topping analyst projections for 58 cents, according to FactSet. Walmart maintained its full-year outlook for net sales to increase between 3% and 4% from the prior year and for earnings per share to range from $2.50 to $2.60.
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