Investing.com - Shares of Dow component Wal-Mart (NYSE:WMT) declined in pre-market trade on Thursday, after the retailer cut its full-year earnings outlook.
U.S. retail giant Wal-Mart said earnings per share came in at $1.21 in the second quarter, broadly in line with market expectations.
The company’s second quarter revenue totaled $120.13 billion, above forecasts for revenue of $119.0 billion.
Wal-Mart U.S. comp sales were flat for the 13-week period ended August 1, 2014.
Wal-Mart forecast third quarter earnings per share in a range between $1.10 and $1.20, compared to expectations for earnings of $1.18 per share.
The retailer now sees full-year earnings per share in a range between $4.90 and $5.15, down from a previous range of $5.10 to $5.45 per share.
The new full year guidance reflects incremental investments in e-commerce and higher U.S. health-care costs than previously anticipated.
Following the release of the report, Wal-Mart Stores (NYSE:WMT) shares declined 1.4% in pre-market trade.
Meanwhile, U.S. stock futures pointed to a higher open. The Dow pointed to a gain of 0.1% at the open, the S&P 500 added 0.15%, while the Nasdaq 100 picked up 0.15%.