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Wal-Mart Shares Fall

Writer's picture: OurStudioOurStudio

Retail giant Wal-Mart's same-store sales slipped 0.3%, widely missing analyst estimates of a 1% gain.

The company, the world's largest retailer, also cut its annual profit outlook and earnings guidance as it continued to deal with a difficult economy and investigate potential overseas violations of a federal anti-bribery law.

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