Bloomberg Podcasts · Walmart Drops, Alibaba ADRs, Coty Sinks After Fourth Quarter Results | Stock Movers

1. 1. Walmart shares dropped nearly 10%, the biggest decline since May 2022, after comparable sales rose 2.6% in the quarter, missing estimates and marking the slowest growth in over six years.
2. 2. Walmart's selloff flipped its year-to-date performance to negative, reflecting jitters about economic momentum and consumer sentiment.
3. 3. Coty shares fell 10% after reporting a drop in comparable sales and forecasting a transition period for the current fiscal year.
4. 4. Alibaba shares fell about 2% after profits plunged more than 75% due to increased capital spending of about $10 billion on AI.