Walmart tops estimates, Wall Street reacts to warning
Walmart stuck with its full-year sales and profit guidance on Thursday after topping forecasts in the first quarter. But the retailer put out a weaker outlook for the current quarter and flagged higher fuel costs that took a bite out of operating income. Net revenue came in at $177.8 billion, a 7.3% gain. Shares dropped about 2% in premarket trading after management projected second-quarter sales and profit would miss estimates.
