Pursuits
Wal-Mart Drops After Profit Forecast Lags Some Estimates
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Wal-Mart Stores Inc., the world’s largest retailer, dropped in New York trading after its forecast for profit this year trailed some analysts’ estimates amid slowing sales growth in the U.S.
Wal-Mart fell 3.1 percent to $72.15 at the close, the biggest decline since April 23. The shares advanced 21 percent this year.