US Stock Market Move | Q2 guidance falls short of expectations, Walmart Inc. (WMT.US) drops over 6.5%

On Thursday, Walmart Inc. (WMT.US) stock price dropped, as of the time of writing, the stock fell by over 6.5%, to $122.3. On the news front, Walmart Inc. released its Q1 financial report, achieving total revenue of $177.8 billion, a year-on-year increase of 7.3%, higher than market expectations of $175.06 billion. Adjusted earnings per share were $0.66, in line with market expectations. However, the company's guidance for adjusted earnings per share for the second quarter is between $0.72 and $0.74, lower than market expectations of $0.75.