Walmart Inc. reported profit-margin pressure and a sharp slowdown in e-commerce sales in the holiday season following three quarters of booming growth, a stumble that pushed the stock down more than 10% and chipped off more than $31 billion in market capitalization. Walmart’s biggest one-day drop in stock price in more than two years came even as overall sales for the latest quarter grew 2.6%, the 14th consecutive quarter of growth for the world’s largest retailer. Retail stocks fell broadly Tuesday as Walmart’s share price...

Source: Wall Street Journal February 20, 2018 12:26 UTC