Walmart Slumps, Dayforce Rises, Cracker Barrell Sinks
On this edition of Stock Movers:- Walmart (WMT) shares fell after profit missed expectations for the first time in three years, overshadowing higher sales. Adjusted earnings per share came in at 68 cents for the second quarter, six cents lower than what Wall Street expected. The world’s largest retailer cited a rise in insurance claims, legal charges and restructuring costs as factors weighing down its profit. Walmart shares dropped as much as 4.4% in New York trading at 9:31 a.m., their biggest decline since May 15. Through Wednesday’s close, the stock had gained nearly 14% this…
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