By Liz Moyer
Investing.com — Walmart Inc (NYSE:) dropped 6% on Thursday after disappointing earnings.
The retailer lost $2.09 billion, or 74 cents a share, compared with a profit of $4.14 billion, or $1.45 a share a year ago. With adjustments, Walmart earned $1.39 per share, which fell short of expectations of $1.50 a share. Revenue rose 7.3%, to $152.1 billion.
The same-store sales rose 8.6% in the U.S. The company said it expects U.S. same-store sales, excluding gas, to rise in the low-single digits.
Shares of Walmart are up 16% over the last year.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.