Walmart Shares Drop More Than 9%
Walmart reported weak sales growth for its latest financial quarter. Sales growth was the slowest in six years.
The report caused Walmart's share price to fall. Shares dropped more than 9%.
Klear Note — Sales growth measures how much a company’s sales increase over time. Investors often sell shares when company growth slows, lowering the price.
Key Terms 2
- shares Small parts of a company that people can buy and own.
- fiscal quarter A three-month period companies use to report money results.