Bond.az reports: Walmart shares fell 7.3% in morning trading after the retail giant's quarterly earnings report. Revenue beat estimates, but forward guidance disappointed.
Total Q1 revenue reached $177.8 billion, surpassing the consensus of $174.83 billion. Adjusted earnings per share matched Wall Street projections. However, Q2 adjusted EPS guidance of $0.72–$0.74 fell below the expected $0.75, signaling near-term weakness.
Finance chief John David Rainey noted that high tax returns may have muted the impact of high gas prices in Q1, but consumer pressures could rise in the current quarter. The company also absorbed higher fuel costs linked to the Iran conflict.
Shares are now well below their 52-week high of $135.16. Despite a revenue beat, the weak outlook and macro headwinds weighed heavily on the stock.
