Walmart reports stronger-than-expected sales — but shares drop as profits get squeezed by tariffs

Walmart reported better than expected quarterly revenue as inflation-battered shoppers flocked to its stores — but the retail giant's shares were poised to drop as costs from Trump's tariffs cut into profits. The world's biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street's $175.9 billion target. But Walmart meanwhile missed quarterly profit expectations for the first time since May 2022. 4 Walmart crushed revenue expectations but stumbled on profits ...