Wal-Mart has cut its outlook for profits in 2017.
On Wednesday, the company said it sees full-year earnings falling by between 6% and 12% compared to the full year 2016.
The retail giant was holding its investor day.
The stock fell more than 8% in trading.
NOW WATCH: RED EVERYWHERE: It’s a global market meltdown
Business Insider Emails & Alerts
Site highlights each day to your inbox.
Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.