One of the world's largest retail and wholesale corporations has published its financial data for the 2nd quarter of this year. Despite the strong sales growth, Wal-Mart's net profit decreased by a record 23%. Such sharp decline was caused by the price-cutting policy and huge investments into the e-commerce operations. By offering discounts for online purchases and free shipping, the company in fact spent much more money on advertising and various services.
The new data has immediately impacted the price of Wal-Mart shares, which fell by 1,58% and continues to decline. Traders have a great chance to earn money on the asset's further decrease. Trading will be available during the American session from 13:40 to 20:00 GMT time.
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