Earnings will decrease 6 percent to 12 percent in fiscal 2017, which ends in January of that year, the Bentonville, Arkansas-based company said at its investor day on Wednesday. Analysts had estimated a gain of 4 percent on average, according to data compiled by Bloomberg. The retail chain also said its board has authorized $20 billion in stock buybacks and it’s actively reviewing its portfolio for ways to streamline the business.
http://www.infowars.com/wal-mart-plunges-after-predicting-decline-in-annual-earnings/
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