These Analysts Slash Their Forecasts On Walmart After Q2 Earnings

Walmart Inc. (NASDAQ: WMT ) on Thursday reported upbeat second-quarter earnings, but issued third-quarter guidance below estimates. Walmart reported adjusted earnings of 81 cents per share, beating the consensus estimate of 74 cents. Sales reached $187.9 billion, topping the $186.8 billion estimate. For the third quarter, Walmart expects adjusted EPS of 62 cents-64 cents, below the 68-cent estimate. It forecasts sales of $183.134 billion-$184.468 billion, compared with the $188.339 billion estimate. Walmart raised its fiscal 2027 adjusted EPS outlook to $2.80-$2.87 from $2.75-$2.85. The consensus estimate is $2.90. The company raised its fiscal 2027 sales outlook to $734.656 billion-$741.720 billion from $731.124 billion-$738.188 billion. The consensus estimate is $752.250 billion. Walmart shares fell 9.2% to...