Wal-Mart Stores Inc., the world’s largest retailer, reported fourth-quarter profit that trailed analysts’ estimates as an emphasis on low prices hurt margins. The shares tumbled the most in six months.
Wal-Mart Stores Inc., the world’s largest retailer, forecast second-quarter profit that missed analysts’ estimates as the company copes with slow sales in the U.S., especially at its Sam’s Club warehouse stores.
Wal-Mart Stores Inc., the world’s largest retailer, rose the most in more than three years after reporting first-quarter profit that topped analysts’ estimates as its low prices increased customer traffic and boosted sales.
Wal-Mart Stores Inc.’s fourth- quarter forecast signals the world’s largest retailer stands to face more obstacles than competitors such as Target Corp. this holiday season as price-conscious consumers hold back in the sluggish U.S. economy.