
Walmart Inc (NYSE:WMT) shares were in the clearance aisle Wednesday after the company reported rising costs related to supply chain problems and inflation in the first quarter.
On Tuesday, Walmart reported adjusted first-quarter EPS of $1.30, missing consensus analyst estimates of $1.48. Quarterly revenue of $141.6 billion, beating Wall Street expectations of $138.8 billion. Revenue was up 2.4% from a year ago.