The world's largest retailer saw its results hurt by the strong dollar and a charge that stemmed from settling a labor lawsuit. The company also said Tuesday that first-quarter earnings could miss Wall Street expectations.
The company posted earnings of $3.79 billion, or 96 cents per share in the quarter ended Jan. 31. That compares with $4.096 billion, or $1.02 per share a year earlier. Analysts surveyed by Thomson Reuters had expected earnings of 99 cents per share, excluding the lawsuit settlement.
Total sales came to $109.12 billion, up from $107.34 billion a year earlier. Analysts surveyed by Thomson Reuters expected $109.1 billion
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