Walmart (WMT.US) reported lower-than-expected profits in Q2 and warned that tariff costs will rise in the second half of the year.

According to Zhitong Finance APP, the world's largest retailer Walmart (WMT.US) has released its financial performance for the second quarter. Q2 revenue increased by 4.8% year-on-year to $177.4 billion, outperforming market expectations. Non-GAAP earnings per share were $0.68, lower than market expectations, due to an increase in insurance claims expenses.