(CNBC) Shares of Amazon fell more than 4% in extended trading on Monday after Walmart said it was lowering its quarterly and full-year profit guidance. Walmart announced after the bell on Monday that it now expects adjusted earnings per share for the second quarter and full year to slide around 8% to 9% and 11% to 13%, respectively. Previously, it had forecast them to be flat to up slightly for the second quarter and to drop by 1% for the full year.
Amazon sinks after Walmart lowers profit outlook on inflation concerns
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