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Walmart Financials “Solid” But Not Quite What Investors Expected

May 19, 2015: 12:00 AM EST
Walmart reported “solid first quarter” financial results, according to CEO Doug McMillon, including earnings per share of $1.03 on $115 billion in revenue. Consolidated operating income slid 8.3 percent because of currency fluctuations, and spending on employee wages and training, and on e-commerce. However, e-commerce sales increased globally by about 17 percent. The earnings and revenue figures were slightly lower than what Wall Street was expecting, and were lower than results posted a year ago in the same quarter. The company expects to increase its EPS to $1.06 to $1.18 in the second quarter, and to increase revenues by one percent.
"Walmart reports Q1 FY 16 EPS of $1.03", Earnings release, Walmart, May 19, 2015, © Wal-Mart Stores, Inc.
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