Walmart shares tank 9% as inflation slams profit margins

Walmart’s quarterly profits sorely missed Wall Street’s forecasts despite higher sales, as higher costs from inflation, supply-chain snags and workers’ wages ate into margins. The Arkansas-based retail giant said Tuesday it generated $141.57 billion in revenue — beating analyst estimates which anticipated $138.94 billion. Neverthless, the company’s net income fell to $2.05 billion, or 74...