Wal-Mart reported quarterly earnings on Thursday that xceeded analysts' estimates, but revenue fell short of the consensus.
The retail giant's shares dropped before the opening bell, following the news. (Click here to get real-time quotes for Wal-Mart.)
The company earned $3.63 billion, or $1.08 per share, in the quarter ended Oct. 31. That compares with $3.33 billion, or 96 cents per share, in the year-earlier period.
Revenue improved to $113.93 billion from $110.23 billion a year ago. Sales were negatively impacted by exchange-rate fluctuations, the company said. Without the currency impact, sales would have been $114.9 billion, the company said.
Wall Street had expected Wal-Mart o report earnings excluding items of $1.07 a share on $114.96 billion in revenue, according to Thomson Reuters consensus estimates.
U.S. same-store sales rose 1.5 percent, well shy of the 4.6 percent forecast by Thomson Reuters.
Still, the world's largest retailer also said sales so far this month were better than expected in the U.S. as its focus on low prices has resonated in an economy where unemployment continues to be high.