World’s largest retailer reports 3% fall in shares as company’s profits drop to $3.4bn

Results top Wall Street expectations due to tax benefits and favourable ruling

Founder and two new co-CEOs stress that nothing would change under new structure

Analysts lauded the company’s performance, saying it had a good balance of the high-margin herbicide business and advancements in its seed business

It sees full-year earnings per share growth between 8 per cent and 14 per cent above last year

Shrinking refining margins erode gains from biggest production increase since 2010

Restaurant chain reported a lower-than-expected quarterly profit

Performance in America remains strong as its European markets improve