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Walmart sinks 6% as 4th-quarter earnings and full-year profit guidance miss expectations Ben WinckFeb 18, 2021, 20:52 IST Kena Betancur/VIEWpress via Getty Images Walmart fell as much as 6.2% on Thursday after fourth-quarter earnings missed Wall Street estimates. The retail giant's forward guidance also rankled investors. Walmart expects profits to dip slightly and sales growth to slow. CEO Doug McMillon announced the company would lift the average wage for its associates to $15 an hour. Walmart tumbled as much as 6.2% on Thursday after the retail giant's fourth-quarter earnings landed below Wall Street forecasts. While the company's revenue through the period came in just above expectations, earnings disappointed. Losses from Walmart's UK and Japanese operations drove the bulk of the shortfall and plunged the company into an unadjusted quarterly deficit. Even excluding those operations, adjusted earnings still missed expectations.