{"id":18710,"date":"2018-10-16T18:23:25","date_gmt":"2018-10-16T18:23:25","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=18710"},"modified":"2018-10-16T18:23:25","modified_gmt":"2018-10-16T18:23:25","slug":"walmart-trims-profit-outlook-after-flipkart-purchase","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=18710","title":{"rendered":"Walmart trims profit outlook after Flipkart purchase"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\"> (CNN Business)<\/cite>Walmart warned investors Tuesday that its acquisition of Flipkart will hurt its quarterly profit. <\/p>\n<div class=\"zn-body__paragraph speakable\">Walmart agreed to pay $16 billion for a <a href=\"https:\/\/money.cnn.com\/2018\/05\/09\/investing\/walmart-flipkart-india-softbank\/\">77% stake in<\/a> the company earlier this year. Flipkart is India&#8217;s top online retailer and gives Walmart access to a market it has been trying to crack for years. <\/div>\n<div class=\"zn-body__paragraph speakable\">Walmart said the purchase will cut earnings by 25 cents a share, or about $740 million, in the current quarter.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(CNN Business)Walmart warned investors Tuesday that its acquisition of Flipkart will hurt its quarterly profit. Walmart agreed to pay $16 billion for a 77% stake in the company earlier this year. Flipkart is India&#8217;s top online retailer and gives Walmart access to a market it has been trying to crack for years. Walmart said the&hellip;<\/p>\n","protected":false},"author":10,"featured_media":18711,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-18710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/18710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18710"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/18710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/18711"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}