Wal-Mart shares tumble as it cuts 2017 sales forecast

Wal-Mart Stores reported lower fourth-quarter earnings and trimmed its sales forecast for fiscal 2017 Thursday as the strong dollar and some weak international markets weighed on results. The world's biggest retailer reported fourth-quarter earnings of $4.6 billion, down 7.9 percent from the year-ago period. Walmart cited the drag from store closures and the strong dollar as factors in its forecast for flat sales in 2017, down from the previous outlook for 3-4 percent growth.

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