Business

Walmart Stores Inc.

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Fourth-quarter profit at Walmart, the world’s largest retailer, trailed analysts’ estimates as an emphasis on low prices hurt margins. Net income fell to $5.16 billion, or $1.50 a share, from $6.06 billion, or $1.70, a year earlier. Excluding some items, profit was $1.44, trailing the $1.45 average estimate of analysts. The earnings miss was the Arkansas-based retailer’s second in a row.