SA: Canadian Pacific drops amid DOJ call for railroad regulator to block Kansas City deal
SEEKING ALPHA reports: Canadian Pacific (NYSE:CP) dropped 3.2% as the U.S. Dept. of Justice reiterated that the U.S. ...
SEEKING ALPHA reports:
– Shares of Walmart (NYSE:WMT) fell 8.2% after hours on Monday as the U.S.-retail giant lowered its profit outlook for Q2 and FY 2023.
– The company said its operating margin was now expected to be about 4.2% for Q2 and 3.8% to 3.9% for FY 2023.
– The guidance cut was “primarily due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the U.S. and mix of sales,” WMT said in a statement.
– Comparable sales for Walmart U.S., ...