Walmart first quarter misses, stock drops

May 19, 2015 11:29 AM

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Walmart (WMT) shares dropped in premarket trading after the retailer fell short of Wall Street expectations in its first quarter.

Walmart reported revenue of $114.8 billion, down 0.1% from the same quarter a year ago. Analysts expected $115.6 billion, according to S&P Capital IQ. The company had income of $3.34 billion and earned $1.03 a share. Analysts expected earnings of $1.05 a share.

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