Reuters
International Herald Tribune
05-14-2008
Wal-Mart reports profit rise HOT STOCKS
Byline: Reuters
Edition: 1
Section: FINANCE/BUSINESS

Wal-Mart Stores, the largest retailer in the world, reported quarterly profit that was 7 percent higher as discounts drew U.S. shoppers looking for bargains on necessities like food and pharmacy items.

Net income rose to $3.02 billion, or 76 cents per share, in the first quarter ended on April 30, from $2.83 billion, or 68 cents per share, a year earlier.
Last month, Wal-Mart ...