October 16, 2018 / 10:52 AM / a month ago

Walmart lowers earnings outlook to account for Flipkart acquisition

Oct 16 (Reuters) - Walmart Inc lowered its earnings guidance for the year on Tuesday to include the impact from its acquisition of Indian e-commerce company Flipkart.

The retailer now expects to earn between $4.65 and $4.80 per share for fiscal 2019 from an earlier forecast of $4.90 and $5.05 per share. (Reporting by Nandita Bose in New York Editing by Edmund Blair)

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