Wal-Mart cuts profit forecast as sales decline

Source: Bloomberg
Wal-Mart Stores Inc., the largest retailer in the world, trimmed its profit forecast for the current year, as the company struggles with declining number of low-income customers, while the profit dropped in Q3. According to the new prediction, earnings per share could decrease to $5.11 in 2013. Yesterday, Wal-Mart Stores Inc. equities added 0.23% to $79.08 per share during trading day in New York.
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