Walmart shares tumbled in premarket trading after the retail giant reported quarterly sales that fell short of expectations, a rare miss likely to stoke concern about the leading big-box retailer decelerating alongside a slow-growing US economy. Advance Auto Parts also sank after reporting second-quarter sales below analyst estimates, even as it boosted its adjusted earnings per share forecast for the full year while maintaining sales guidance that is below estimates at the midpoint. Coty fell after the beauty conglomerate reported fourth-quarter results that beat the average analyst estimate for net revenue but did not provide a full-year forecast, saying it expects to provide a broader outlook following a strategic review.
Walmart Inc.Quarterly sales miss expectations
Coty IncQ4 beat but no FY forecast pending strategic review
Advance Auto Parts IncQ2 sales below estimates
