On Thursday, Wal-Mart (WMT.US) shares declined, dropping more than 6.5% to $122.3 at the time of reporting. The company released its first-quarter financial results, reporting total revenue of $177.8 billion, a 7.3% increase year-over-year, surpassing market estimates of $175.06 billion. Adjusted earnings per share were $0.66, aligning with market expectations. However, the company's guidance for second-quarter adjusted earnings per share is $0.72 to $0.74, below the market estimate of $0.75.