Wal-Mart Q2 Earnings Miss On Higher Wages, Theft

Wal-Mart Stores (WMT) stock slid to a 2 1/2-year low in the stock market today after the retail behemoth reported second-quarter earnings that missed views and it lowered its full-year earnings guidance. Higher labor costs, weaker pharmacy margins, a stronger dollar and increased theft from its stores all weighed on Wal-Mart. Wal-Mart reported net income of $3.475 billion, down 15.1% from $4.09 billion a year earlier. Wal-Mart's earnings slipped

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