In yet another strong quarter, Walmart saw solid gains on both its top and bottom lines, yet the stock dropped 3 percent early Thursday morning due to higher earnings expectations from Wall Street.

Walmart sales benefitted from its low price appeal, particularly strength in groceries, as consumers across all income brackets shopped in search of strong values. The company said previously that it would be able to absorb some tariff-related price increases but not all.

Operating income, impacted by legal and restructuring costs, decreased 8.2 percent to $7.3 billion from $7.9 billion in the year-ago period. But on an adjusted basis, operating income was up 0.4 percent to $8 billion, from $7.9 billion in the year-ago quarter. Net income rose 56 percent to $7 billion from $4.5 billion in t

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