Walmart (WMT) stock is inching lower on Thursday morning even though the omnichannel retail behemoth posted market-beating earnings for its second financial quarter. The company recorded $187.9 billion in revenue — up 5.9% year-over-year — on $0.81 in earnings per share (EPS), representing a 19.1% increase versus the same quarter last year.
Following the post-earnings dip, Walmart stock is down roughly 23% versus its year-to-date high.
