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Wal-Mart's first quarter misses, stock drops

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Wal-Mart Stores. Inc. shares dropped 2.2 percent in premarket trading after the retailer fell short of Wall Street expectations in its first quarter.

The Arkansas-based company reported revenue of $114.8 billion, below estimates of $115.6 billion, according to USA Today.

Profits were $3.34 billion, or $1.03 a share. Analysts predicted $1.05 a share.

Read more from USA Today.

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