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Wal-Mart Slashes Earnings Forecast

Stock quotes in this article: WMT , M , JCP , GPS , ANF , COST , TGT  

Updated from 11:21 a.m. EST

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Wal-Mart (WMT Quote) said December same-store sales rose 1.7%, excluding fuel, a figure below the estimates of analysts, and the world's largest retailer trimmed its fourth-quarter earnings forecast.

Analysts surveyed by Thomson Reuters expected a same-store sales increase of 2.8%. Wal-Mart had predicted a rise between 1% and 3%. ...

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