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Wal-Mart tops 1Q profit forecasts.

FILE - In this Thursday, June 4, 2015, file photo, a sign is displayed at a Wal-Mart pickup grocery location in Bentonville, Ark. Wal-Mart Stores Inc. reports earnings, Thursday, May 18, 2017. (AP Photo/Danny Johnston, File) FILE - In this Thursday, June 4, 2015, file photo, a sign is displayed at a Wal-Mart pickup grocery location in Bentonville, Ark. Wal-Mart Stores Inc. reports earnings, Thursday, May 18, 2017. (AP Photo/Danny Johnston, File)

By Associated Press May 18, 2017 1 min read

BENTONVILLE, Ark. (AP) – Wal-Mart Stores Inc. is reporting fiscal first-quarter earnings of $3.04 billion.

On a per-share basis, the Bentonville, Arkansas-based company said it had profit of $1.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The world’s largest retailer posted revenue of $117.54 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $117.63 billion.

Wal-Mart expects its per-share earnings to range from $1 to $1.08 for the current quarter. Analysts forecast adjusted earnings per share of $1.07.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at https://www.zacks.com/ap/WMT

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Keywords: Wal-Mart Stores, Earnings Report, Priority Earnings