Posts From King World News

Wal-Mart profit misses estimates; cuts outlook as pharmacy margins bite

Wal-Mart lowered its forecast for the year ending in January to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05 in February. Wal-Mart logged a 1.5 percent increase in U.S. comparable sales at stores open at least a year, raising concerns about whether it can grow revenue fast enough to compensate for increased wage and other expenses. In February Wal-Mart had flagged it would spend $1