UPDATE 5-Walmart warns it will 'test a lot, fail a lot;' cuts profit forecast
October 16, 2018 at 12:16 PM EDT
Walmart Inc's chief executive officer on Tuesday urged investors to rethink the company's business, touting its various tech investments to grow online sales at a time it is battling Amazon.com for market share. The retailer also lowered its earnings forecast for the year and said its e-commerce growth next year would be slower than in the current fiscal year ending in January.