Wal-Mart posts 6.9% rise in profit

5/14/2008

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.