** Shares of retail bellwether Walmart WMT.N fall as much as 5.5% to $96.95 in early trading
** Stock set for its worst day since February, if losses hold
** Company posts second-quarter profit below analysts' expectations, first miss in more than 3 years
** Q2 adjusted EPS of 68 cents below estimate of 74 cents - data compiled by LSEG
** WMT, however, raises annual forecasts and beats Q2 revenue expectations
** Expects annual net sales to rise between 3.75% and 4.75%, compared with previous forecast of 3% to 4% increase
** Forecasts adjusted EPS between $2.52 and $2.62, compared with its prior range of $2.50 to $2.60
** "We can debate if healthy and impressive Q2 topline growth can outweigh a profit miss, given WMT's market cap, valuation and retail leadership" - Morgan Stanley
** Up to last close, shares up 13.5% YTD