WALMART STORES INC
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Consumer Staples : Food & Staples Retailing | Large Cap Value
Company profile

Walmart Inc., formerly Wal-Mart Stores, Inc., is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States operating under the Walmart brands, as well as digital retail. The Walmart International segment consists of the Company's operations outside of the United States, including various retail Websites. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as samsclub.com. The Company operates approximately 11,600 stores under 59 banners in 28 countries and e-commerce Websites in 11 countries.

Closing Price
$143.90
Day's Change
0.95 (0.66%)
Bid
--
Ask
--
B/A Size
--
Day's High
145.53
Day's Low
143.62
Volume
(Below Average)
Volume:
4,843,212

10-day average volume:
5,736,703
4,843,212

U.S. shares of iQIYI drop on SEC probe

5:07 pm ET August 13, 2020 (MarketWatch)
Print

U.S.-traded shares of iQIYI Inc. (IQ) shares fell in the extended session Thursday after the Chinese online entertainment company said it was the focus of a Securities and Exchange Commission probe and forecast revenue below Wall Street estimates. American depositary receipts of iQIYI dropped 14% after hours, following a 2.4% decline in the regular session to close at $21.68. The company said the SEC was investigating following allegations from Wolfpack Research that the company was issuing fraudulent financial statements (http://www.marketwatch.com/articles/short-seller-muddy-waters-luckin-coffee-chinas-iqiyi-51586294898). iQIYI said it was conducting an internal review of the allegations. Additionally, iQIYI said it expects third-quarter revenue of $984.1 million, while analysts had forecast on revenue of $1.08 billion. The company reported a second-quarter loss of $204.1 million, or 28 cents a share, while revenue rose 4% to $1 billion from the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 46 cents a share on revenue of $1.05 billion.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 13, 2020 17:07 ET (21:07 GMT)

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