Walmart earnings fall in Q1

Walmart said this week its Q1 net income fell to $2.05-billion ($0.74 per share), from $2.73-billion a year ago. Adjusted earnings came to $1.30 per share, missing analyst estimates for the first time in five quarters by $0.18. Revenues rose by 2.4 percent to $141.6-billion thanks to strong sales in the food and health segments. The growth exceeded analyst estimates of $138.9-billion. In Canada, sales were up 6.9 percent while comp sales grew by 7.7 percent.