Wal-Mart Stores misses 1Q net income and revenue expectations

MarketsAssociated Press

Wal-Mart Stores Inc. (WMT) on Tuesday reported fiscal first-quarter earnings of $3.34 billion.

On a per-share basis, the Bentonville, Arkansas-based company said it had profit of $1.03.

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The results did not meet Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The world's largest retailer posted revenue of $114.83 billion in the period, also missing Street forecasts. Twelve analysts surveyed by Zacks expected $116.27 billion.

Wal-Mart shares have declined roughly 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 3 percent. The stock has risen almost 4 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on WMT at http://www.zacks.com/ap/WMT

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Keywords: Wal-Mart Stores, Earnings Report, Priority Earnings