Brendan Case

Brendan Case is a financial journalist who has written for Yahoo Finance. His work is characterized by a clear and unbiased presentation of facts, as evidenced by the absence of contradictions, biases, and conflicts of interest in his articles. His writing is also highly readable, making complex financial topics accessible to a wide range of readers.

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

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Conflicts of Interest

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Contradictions

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Deceptions

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Recent Articles

Walmart's Q3 Earnings Beat Expectations, But Cautious Consumer Spending Outlook Causes Stock Drop

Broke On: Thursday, 16 November 2023 Walmart reported a 2% increase in adjusted earnings for the three months ending in October, slightly above the Street consensus forecast of $1.53 a share. Despite the better-than-expected Q3 earnings and a raised full-year profit forecast, the company's shares experienced a sharp drop in early Thursday trading due to a cautious outlook on consumer spending. The company's US unit saw a 4.9% rise in comparable sales during the three months ending in late October, outperforming competitors like Target Corp. and Home Depot Inc. who reported declines. Walmart's CFO, John David Rainey, cited a 'sharper falloff' in sales during the last two weeks of the fiscal third quarter. Factors such as higher interest rates, dwindling savings, and student-loan repayments are believed to be affecting demand. Walmart's CEO Doug McMillon mentioned that prices for some groceries are falling, which is good news for shoppers but puts pressure on the company to sell more. The company reported profits of $453 million for the three-month period ended Oct. 31, with revenue rising 5.2% to $160.84 billion. Walmart now expects annual sales to be up anywhere from 5% to 5.5%.