BENTONVILLE, Ark. (AP) -- 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.
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.
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
Keywords: Wal-Mart Stores, Earnings Report, Priority Earnings