Wal-Mart posts revenue of $117.4B vs $117.8B expected

Analysts expected Wal-Mart to post earnings of 98 cents per share on $117.86 billion in revenue, according to a consensus estimate from Thomson Reuters. The company noted that recent wage hikes will increase costs by $1.2 billion this year and estimated that earnings per share could decline by 6 to 12 percent next fiscal year. Last month, CEO Doug McMillon...