Economics
Wal-Mart Forecast Trails Estimates on Weak Economy
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Wal-Mart Stores Inc., the world’s largest retailer, forecast profit this year that trailed analysts’ estimates as the sluggish U.S. economy and government benefit cuts threaten to restrain sales.
Profit per share in the year through January 2015 will be $5.10 to $5.45, the Bentonville, Arkansas-based company said today in a statement. The average of 28 analysts’ estimates compiled by Bloomberg was $5.55 a share.