Wal-Mart Revenue Rises But U.S. Same-store Sales Flat
Wal-Mart Stores Incoporated reported a 2.8 percent rise in quarterly sales, helped by higher sales at its smaller-format stores, but U.S. same-store sales failed to show growth again. Wal-Mart also cut its forecast for full-year earnings from continuing operations to $4.90-$5.15 per share, from $5.10-$5.45–citing higher employee healthcare costs and increased investment in its online business.
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