Wal-Mart Stores, Inc (WMT), the world's largest retailer, posted earnings per share of $1.14 for the third quarter of its fiscal 2014, beating analysts' expectations by a penny a share but failing to record the sales Wall Street wanted to see.
But the Bentonville, Ark.-based, company's reported $115.69 billion in revenue, up $1.76 billion year-to-year, missed analyst expectations of $116.84 billion. The company's Sam's Club subsidiary helped the company increase earnings.
Wal-Mart also cut its full-year guidance to a range of $5.11 to $5.21 a share from its previous view of $5.10 to $5.30 a share.
After the announcement, the company’s shares fell in pre-market trading.