Shutterstock photo
Markets

Wal-Mart Q1 earnings, revenue miss expectations; shares down 2%

Shutterstock photo

Shutterstock photo

Investing.com - Dow component Wal-Mart reported worse-than-expected first quarter earnings, as revenue figures came in below expectations, it announced early Thursday.

Earlier in the day, in its first quarter earnings report, U.S. retail giant Wal-Mart said earnings per share came in at USD1.14, broadly in line with market expectations.

The company's first quarter revenue totaled USD114.2 billion, below expectations for revenue of USD116.09 billion.

Wal-Mart forecast second quarter earnings per share in a range between USD1.22 and USD1.27, compared to a previous estimate of USD.129 per share.

Following the release of the report, WMT shares declined 2% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was little changed. The Dow Jones Industrial Average futures pointed to a flat open, S&P 500 futures were steady, while the Nasdaq 100 futures indicated a gain of 0.1% at the open.

Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx