Walmart Shares Drop Amid Disappointing Forward Guidance
Walmart shares fell nearly 7% after the company reported first-quarter earnings with strong revenue growth but below-expectations forward guidance. Revenue reached $177.75 billion, up from analyst estimates of $174.95 billion and a year-over-year increase of 7.3%. However, Q2 adjusted EPS guidance came in lower than expected at $0.73 versus the anticipated $0.75.
Tickers: $WMT
Topics: earnings retail stock_drop