BENTONVILLE, Ark. (AP) _ Walmart Inc. (WMT) on Tuesday reported a fiscal first-quarter net income of $2.05 billion.
On a per-share basis, the Bentonville, Arkansas-based company said it had a net income of 74 cents. Earnings, adjusted for non-recurring costs, came to $1.30 per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The world’s largest retailer posted revenue of $141.57 billion in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $138.27 billion.
