Wal-Mart earnings miss estimates; company cuts outlook

August 18, 2015 11:21 AM

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Wal-Mart earnings miss estimates; company cuts outlook

Wal-Mart Stores Inc (WMT.N) reported weaker-than-expected quarterly earnings and lowered its full-year forecast on Tuesday, citing investments in staffing and weaker margins in its U.S. pharmacy business.

Shares of the world's largest retailer fell 3.1 percent to $69.70 in heavy premarket trading.

Also read: Goldman Sachs earnings: $5.08 a share vs. $4.82 estimate

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