Friday, Dec 02, 2016
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Wal-Mart posts 6.9% rise in profit

LITTLE ROCK - Wal-Mart Stores Inc. said yesterday its first-quarter profits rose 6.9 percent, but the world's largest retailer offered a guarded outlook in the face of rising costs for fuel and food.

Wal-Mart earned $3 billion, or 76 cents a share, in the three months ended April 30, up from $2.8 billion, or 68 cents a share, a year earlier. The company had revenue of $95.3 billion, up 10.3 percent from $86.4 billion.

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