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Walmart, the world's largest retailer, announced its first quarter results that were a beat on street expectations, but the guidance it issued for the full year, disappointed the street.
Walmart's full-year EPS guidance of $2.75-$2.85 is below consensus estimate of $2.91.
KEY POINTS
- Walmart shares dropped 8% after disappointing full-year guidance despite beating Q1 expectations.
- US government will award $2 billion in quantum computing grants to nine companies.
- IBM will receive a $1 billion quantum computing grant, causing its stock to rise 12%.
- D-Wave, Rigetti, and Infleqtion stocks surged over 30% each after the grant announcement.
COMPANIES
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