Tuesday, August 16, 2005

What's new? Second quarter profits up at Wal-Mart

Wal-Mart reported a 5.8 percent increase in second quarter profit, according to Arkansas Business News. Net income was $2.8 billion, compared to $2.7 billion during the second quarter last year.
The company disappointed analysts by anticipating lower-than-expected earnings during the third quarter, the article said.

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