Time to Take a Look at Walmart Stock
Quality items seldom go on sale. So when a stock as solid as
Walmart Inc (NYSE:WMT) is having a pullback, it deserves the attention of
income investors.
Walmart stock had a good run last year, but most recently,
it hasn’t been a hot commodity. Since reaching a high of $109.98 per share in
January, WMT stock has plunged more than 20%. That’s quite a sizable drop for a
giant company commanding over $250.0 billion of market cap.
One of the main reasons behind Walmart stock’s downturn was
its fourth-quarter earnings report. In the three-month period ended January 31,
2018, the retailer generated adjusted earnings of $1.33 per share. While the
number represented a 2.3% improvement year-over-year, it missed Wall Street’s
earnings per share estimate of $1.37.
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