=Wal-Mart (WMT) reported earnings on Thur 5/19/16 (b/o)

Wal-Mart beats by $0.10, beats on revs; guides Q2 EPS midpoint above consensus :

• Reports Q1 (Apr) earnings of $0.98 per share, $0.10 better than the Capital IQ Consensus of $0.88; revenues rose 0.9% year/year to $114.99 bln vs the $112.68 bln Capital IQ Consensus. 
• U.S. comps +1% vs +0.5% guidance (+1.1% Q1 last year). Sam's Club comps +0.1% vs flat guidance (excluding fuel).
  • Walmart U.S. delivered positive comp sales for the seventh consecutive quarter, up 1.0%, driven by the sixth consecutive quarter of positive traffic, up 1.5%. Neighborhood Market comp sales increased ~7.1%. Customer experience scores continued to improve. 
• Operating cash flow was $6.2 billion and free cash flow was $4.0 billion, both higher than last year due to solid operating performance and improved working capital management.
• Consolidated operating income declined 7.1%, as planned investments in people and technology, as well as currency exchange rate fluctuations impacted results. Excluding currency, operating income decreased by 4.6%.
• Co issues upside guidance for Q2, sees EPS of $0.95-1.08 vs. $0.98 Capital IQ Consensus; sees Wal-Mart U.S. Q2 comparable store sales up ~1%; Sam's Club comparable store sales slightly positive ex fuel.

Also releases Q1 supporting materials -- including prerecorded conference call transcript: Q1 prerecorded conference call transcript and Q1 Presentation.