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Walmart shares fell after softer-than-expected third-quarter guidance, while UBS analyst Michael Lasser said rapid U.S. e-commerce growth of 24% and advertising growth of 38% support the bull case.
Walmart reported Q2 EPS of $0.81 versus $0.74 consensus and Q2 revenue of $187.9B versus $186.62B consensus, while guiding Q3 EPS to $0.62-$0.64 versus $0.68 consensus.