Lates News

Walmart shares fell more than 5%, Costco fell more than 2%, Target fell 1.7%, Amazon and Macy's fell nearly 1%. Walmart's adjusted earnings per share for the second quarter were $0.68, below market expectations of $0.74. This is the first time in three years that it has fallen short of expectations. Increased insurance claims, legal expenses, and restructuring costs were the main drag. Chief Financial Officer John David Reni said in a financial statement that tariff-related costs are "continuing to rise".