Wal-Mart Stores Inc. today reported second-quarter results on par with Wall Street estimates, but cut its profit outlook for the year.
The world’s largest retailer reported a 3.4 percent decline in second-quarter profits attributable to shareholders to $3.92 billion from $4.06 billion in the corresponding period a year earlier. Earnings per share were $1.21 for the quarter ended July 31, a 1.6 percent decline from last year’s $1.23. Analysts predicted EPS of $1.21.
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