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المشهد العربي
Walmart shares fall despite strong earnings
Walmart's stock dropped by 9.15% during the evening trading session, despite posting quarterly financial results that exceeded expectations. The company recorded a net income of $6.37 billion for the three months ending July 31, compared to $7.03 billion in the same period last year. Additionally, its U.S. sales declined by 2.6% to $125.2 billion, with forecasts indicating growth between 3% and 3.75% in the upcoming fiscal quarter. It appears that Walmart's results did not meet market expectations despite relatively good performance, leading to a decline in its stock price despite solid profits.
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