Wal-Mart Has Stocks Drop To Lowest Price In 15 Years

FAIRFIELD COUNTY, Conn. -- Big Box retailer Wal-Mart saw its stock tumble to its lowest level in 15 years on Wednesday after the company reported a predicted drop in earnings, according to Bloomberg

Wal-Mart saw stock prices tumble after releasing a predicted drop in earnings.
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Joe Jenkins

10/14/2015 1:00 p.m.

The stock dipped 9.9 percent after the company announced it is expecting a drop of between 6 and 12 percent in earnings. Analysts had been forecasting a modest 4 percent gain, Bloomberg reported.

Wal-Mart has taken on a lot of additional expenses, including a $20 billion stock buyback over the next two years and approximately $1 billion more to raise employee wages, Bloomberg said.

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