Walmart reports stronger-than-expected sales — but shares drop as profits get squeezed by tariffs
1. Walmart reported quarterly revenue of $177.4 billion, exceeding expectations. 2. Net income fell by 43% due to tariff costs impacting profits. 3. Company plans to hike prices on 10% of items to offset tariff impacts. 4. Management increased full-year sales forecast, signaling continued growth potential. 5. Investors cautious as stock valuation is high amid economic uncertainties.