Why Walmart (WMT) Stock Is Declining In Pre-Market Trading Today

Tickers in this article: WMT

NEW YORK (TheStreet) -- Walmart shares are down -0.26% to $73.84 in pre-market trading on Thursday after the company cut its full year profit guidance to between $4.90 and $5.15 per share from between $5.10 and $5.45.

The decreased outlook stems from another sluggish quarter in sales as the world's largest retailer reported a decline in traffic for the seventh straight quarter.

The company's second quarter profit did increase 0.6% to $1.21, in line with analysts estimates, on revenue of $119.3 billion that was up 2.8% over last year.

Must Read: Warren Buffett’s 25 Favorite Stocks

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

TheStreet has full coverage of Walmart's earnings release here.

TheStreet Ratings team rates WAL-MART STORES INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate WAL-MART STORES INC (WMT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

WMT ChartWMT data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.