Wal-Mart Profit Misses Estimates, Cuts Outlook

Wal-Mart Stores Inc., the world’s largest retailer, reported weaker-than-expected quarterly earnings and lowered its annual forecast, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business. Shares fell 3.1% to $69.71 to trade at its lowest in 2-1/2 years, according to Reuters. Net profit attributable to the company […] The post Wal-Mart Profit Misses Estimates, Cuts Outlook appeared first on Accessories Magazine.