This Is Why Walmart Shares Are Plunging Even With an Earnings Beat
Walmart posted mixed quarterly results.
Walmart (WMT) - Get Report reported better-than-expected quarterly earnings, but revenue missed forecasts, sending shares lower in premarket trading on Thursday.
Andres Garcia, CEO of Zoe Financial, said Walmart is a victim of being a retail stock, as the sector is under fire from Amazon (AMZN) - Get Report .
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