<p>Walmart has reported financial results for the first quarter that fell short of analysts’ projections. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Same-store sales in the U.S. dropped by 1.4% and store visits fell by 1.8 %.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Net income rose 1.1 percent to $3.8 billion from the period a year earlier, while revenue rose 1 percent, to $114.2 billion. According to the New York Times, analysts expected revenue of $116.3 billion. Diluted earnings per share attributable to Walmart (EPS) rose 4.6% from $1.14 to $1.09.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company’s sales grew 2.9 percent to $33 billion internationally, increasing market share in several countries despite the weak sales<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">"I'm confident about our long-term strategy and the direction Walmart is headed," said President and CEO Mike Duke. "Our expectations about our U.S. businesses' performance, coupled with more discipline in International, will allow us to improve our performance throughout the year."</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://corporate.walmart.com/ " target="_new">Walmart </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
