Walmart Suffering From Weak Online Sales

Walmart is down more than 6% Tuesday morning after reporting disappointing earnings. The world's largest retailer reported adjusted earnings of $1.33 per share where Wall Street expected $1.37. Revenue was better-than-expected, but contributions from e-commerce fell by 27 percentage points from last quarter. Online sales grew 23% in the final quarter of the year, the company said, down from 50% a year ago as it finalizes the integration of its $3.3 billion Jet.com acquisition from 2016.