Wal-Mart Stores Inc. (WMT) reported first quarter earnings per share from continuing operations of $1.10 Thursday morning, down from $1.14 last year. Analysts expected EPS of $1.15. Looking ahead to the second quarter, the company expects earnings from continuing operations in a range of $1.15 to $1.25 per share. Analysts are expecting EPS of $1.28.
Wal-Mart Stores gapped open sharply lower Thursday, but traded in a range throughout the session. Shares finished down by 1.91 at $76.83 on above average volume. The stock dropped to a 1-month low and fell below its 50-day moving average.
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