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Google Business NewsFeb 20, 2018
Walmart's Online Sales Come Under Pressure - Wall Street Journal

Wall Street Journal

Walmart posted a profit of $2.18 billion, or 73 cents a share, compared to a profit of $3.76 billion a yer ago. Photo: Elise Amendola/Associated Press. By. Sarah Nassauer and. Sarah Nassauer. The Wall Street Journal. BiographySarah Nassauer
Walmart earnings miss estimates as e-commerce growth wanes, shares tumbleCNBC

Google Business NewsFeb 20, 2018
Walmart earnings miss estimates as e-commerce growth slows, shares tumble - CNBC


Walmart's earnings miss analysts' expectations for the holiday period, as e-commerce growth slows to 23 percent. Revenue and same-store sales come in better than expected. The retailer calls for 40 percent e-commerce growth in fiscal 2019. Lauren
Walmart's Online Sales Growth SlowsWall Street Journal

MarketWatch MarketPulseFeb 20, 2018
MiMedx shares halted down 23% as company says to probe its own accounting
Biotech MiMedx Group Inc.'s shares were halted in premarket trade after falling 23%, for news that the company is delaying the release of fourth-quarter and full-year 2017 earnings to conduct an accounting review. The audit committee has hired legal and accounting advisers to conduct an internal investigation of allegations relating to sales and distribution practices. Executives are reviewing the accounting treatment of certain distributor contracts, among other items. "The company believes, based on information available to date, that the outcome of such investigation should not have a material impact on revenue guidance for 2018," said a statement. The company had about $33 million in cash and cash equivalents at year-end and has no debt. Shares have gained 75% in the last 12 months through Friday, while the S&P 500 has gained 16%.

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MarketWatch MarketPulseFeb 20, 2018
Walmart's stock exacts 60-point toll from Dow industrials in early trade
The Dow Jones Industrial Average was being dragged lower by a pullback in shares of Walmart Inc. Shares of Walmart were down 9.1%, or $9.36, at $95.50, putting the retailing giant in position to mark its worst daily percentage decline since Oct. 14, 2015, according to FactSet data. That decline was weighing mightily on the Dow, exacting a more than 60-point toll. A $1 swing in any one of the Dow's 30 components equating to a 6.83-point move. Walmart Inc.'s share stumble comes after its fourth-quarter adjusted earnings a share were weaker than forecast. Nearly all of the Dow's early decline was due to Walmart's fall. The lion's share of the Dow's 132-point drop, or 0.5%, at 25,089, was tied to Walmart. The S&P 500 index retreated 0.2% at 2,726, while the Nasdaq Composite Index was up 0.2% at 7,251, bucking the market's drift lower. All three equity benchmarks pared opening losses.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Google Business NewsFeb 20, 2018
What HSBC Investors Learned as New CEO Flint Takes the Helm - Bloomberg


HSBC Holdings Plc kick-started the U.K. bank earnings season with the final set of results for Chief Executive Officer Stuart Gulliver as John Flint assumes the role. The shares fell the most in a year in London trading as revenue and profit missed
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