Walmart is sliding despite posting an earnings beat

Walmart released its second-quarter earnings report before the bell on Thursday, and the results were mostly positive, but shares are down about 2.5% ahead of the opening bell.

The company announced comparable sales rose 1.8% compared to the same time last year, and merchandise volume from its online business soared by 67% compared to last year.

Adjusted earnings came in at $US1.08 per share while revenue totaled $US123.36 billion, both were ahead of estimates.

The only mark on the report seems to be the dip in gross margins, which fell 11 basis points to 25%.

Walmart is up 14.95% this year, including Thursday morning’s declines.

Click here to watch Walmart’s share trade in real time…

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at