Investing.com - Wal-Mart Stores Inc (NYSE:WMT)’s shares were trading lower on Thursday after the company released slightly better-than-expected earnings, but the company issued full-year guidance that sets the company up for a potential miss and that spooked investors.
WMT had second quarter income of 96 cents per share and revenue of $123.4 billion. In the comparable quarter, the company earned $1.21 per share on $120.9 billion. On an adjusted basis, the company earned $1.08, a penny above the analyst consensus forecast for $1.07. Analysts forecast revenue of $122.8 billion, making the result a slight beat on revenue as well.
Same-store sales were up 1.8%, with traffic growing 1.3% for the quarter. E-commerce sales at Walmart U.S. grew 60%.
Wal-Mart sees full year adjusted EPS of $4.30 to $4.40. Analysts expect $4.36.
Wal-Mart's shares were down 2% in early afternoon trade.