Stock market anomaly | Walmart (WMT.US) plunges more than 4% as Q2 earnings rare significantly below expectations

According to the Wisdom Financial APP, on Thursday, Walmart (WMT.US) fell more than 4% to $98.33. The financial report shows that Walmart's Q2 revenue increased by 4.8% year-on-year to $177.4 billion, exceeding market expectations. Non-GAAP earnings per share were $0.68, below market expectations, due to an increase in insurance claims expenses. The company stated that its second-quarter profits were under pressure due to certain one-time costs, including restructuring costs, higher insurance claims, and litigation settlement expenses. Operating profit decreased by 8.2%, due to special legal and restructuring costs.