CHICAGO – Wal-Mart Stores Inc on Thursday reiterated its earnings forecast for the current fiscal year but said profit would remain flat in fiscal 2018 due to investments in its online business.
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Wal-Mart expects earnings per share of $4.29 to $4.49 this year. Excluding items, profit will be $4.15 to $4.35 per share, the company said in a statement.
(Reporting by Nandita Bose in Chicago; Editing by Lisa Von Ahn)