UPDATE 6-Walmart CEO points to new company culture, cuts profit forecast
October 16, 2018 at 14:46 PM EDT
Walmart Inc's chief executive officer on Tuesday urged investors to revise their view of the company's business, touting its tech investments to grow online sales at a time that Walmart is battling Amazon.com for market share. Walmart, based in Bentonville, Arkansas, also lowered its earnings forecast for its current fiscal year and said e-commerce growth next year would be slower than in the current year ending in January.
