Wal-Mart second-quarter earnings miss estimates, cuts outlook

August 18, 2015 12:43 PM

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Wal-Mart second-quarter earnings miss estimates, cuts outlook

REUTERS - Wal-Mart Stores Inc (WMT.N) reported weaker-than-expected quarterly earnings and lowered its full-year forecast, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business.

Shares of the world's largest retailer fell 2.2 percent to $70.30 in heavy premarket trading on Tuesday, putting it on track to open at a 2-1/2-year low.

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