Walmart (WMT) shares plunged sharply Wednesday after the U.S. retailing giant forecast a 6% to 12% earnings drop in fiscal year 2017.
Shares of the Bentonville, Ark. company were down 8.7% at $60.90 on the news Walmart executives delivered as they provided strategic outlook and growth plans for the future at an annual investors conference.
12:23 Morgan Stanley beats, has a record-breaking quarter for wealth management12
13:48 Wells Fargo Profit Falls 5.4% as Mortgage Revenue Declines23
13:16 Wells Fargo earnings: 96 cents per share, vs. expected EPS of $120
12:02 Bank of America tops earnings forecast, predicts 'significant increase' in net interest income20