NEW YORK (TheStreet) -- Walmart (WMT - Get Report) stock is moving lower on Thursday after reporting lower earnings and revenue in its first quarter as well as weak second-quarter guidance. By late morning, shares had fallen 2.3% to $76.97.
Over the three months to April, the world's largest retailer earned $1.10 a share. Analysts surveyed by Thomson Reuters had expected $1.15 a share. Revenue of $114.9 billion edged 0.7% higher year over year and missed expectations for $116.27 billion.
For its second quarter, the company guides for earnings between $1.15 and $1.25 a share, below consensus of $1.28 a share.
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TheStreet Ratings team rates WAL-MART STORES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate WAL-MART STORES INC (WMT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."
- You can view the full analysis from the report here: WMT Ratings Report