07:06 AM EDT, 05/15/2024 (MT Newswires) -- Walmart ( WMT ) is due with its Q1 results in the pre-market on Thursday, May 16, and analysts polled by Capital IQ expect the company to report a profit of $0.52 per share on revenue of $158 billion.

In looking back at the long-term session-to-session performance data, WMT has recorded an earnings-driven pre-market decline in 36 of the quarters MT Newswires has tracked, adding to its downside in the following regular session in 22 of those events, or 61% of the time.

On the plus-side, WMT has recorded an earnings-driven pre-market gain in 37 of the quarters we've tracked, adding to its upside 18 times in the follow-on regular session, or 49% of the time, reversing direction in the other events, and once ending flat with the morning move.

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