Wal-Mart Stores Q1 net income declined 7.8 percent
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Total revenue was $115.9 billion, up 0.9 percent from $114 billion last year.
On average, 24 analysts polled by Thomson Reuters expected earnings of $0.88 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated operating income declined 7.1 percent to $5.28 billion, as planned investments in people and technology, as well as currency exchange rate fluctuations impacted results. Excluding currency, operating income decreased 4.6 percent.
Operating income declined in U.S. region and Sam's club, while it grew internationally.
Total revenue was $115.9 billion, up 0.9 percent from $114 billion last year. Analysts were looking for revenues of $113.22 billion.
On a constant currency basis, total revenue was $119.4 billion, an increase of 4.0 percent. ■