The Traderszone Network

Published in TZ Latest News 18 August, 2015 by The TZ Newswire Staff

Wal-Mart earnings miss estimates; company cuts outlook

Net profit attributable to Wal-Mart fell to $1.08 per share, in the second quarter ended July 31 from $1.21 per share, a year earlier. Analysts on average had expected $1.12 per share, according to Thomson Reuters I/B/E/S. For the year ending in January, Wal-Mart lowered its earnings-per-share forecast to a range of between $4.40 and $4.70 from a February outlook of $4.70 to $5.05.