Wal-Mart warns on profit, stock has steepest decline in 25 years
Home/businessNews/ Wal-Mart warns on profit, stock has steepest decline in 25 years
Wal-Mart warns on profit, stock has steepest decline in 25 years
(Reuters) – Wal-Mart Stores Inc warned on Wednesday that higher wages as well as spending on e-commerce and lower prices would cut earnings per share as much as 12 percent next fiscal year, sparking the steepest one-day decline in the company’s shares in 25 years.