Walmart issued a revenue miss and tariff warning
Walmart Inc (NYSE:WMT) stock is falling this morning, last seen 3.8% lower at $93.20 even after the retail giant beat quarterly earnings expectations and delivered its first-ever profitable quarter for e-commerce operations. Revenue for the three-month period landed just shy of estimates, while executives warned that recently lowered tariffs remain “too high” and could still drive consumer prices higher by June. Despite the uncertainty, Walmart reaffirmed its full-year sales and earnings guidance.
The options pits are buzzing with activity. Already, 92,000 calls and 76,000 puts have exchanged hands today, which is 4 times the average volume typical for this point in trading. The most popular contract by far is the June 110 call, followed by the May 90 put, which expires at the conclusion of tomorrow's session.
WMT opened the session near the $92 mark but has since bounced off its morning lows. The equity is working to recover from its early April slide below $80 -- a drop triggered by President Donald Trump’s initial tariff rollout -- and now has technical support from its 40-day moving average. Despite today’s pullback, Walmart stock is still clinging to a 2% year-to-date lead.