Wal-Mart Earnings Out
By: Import User
Updated: January 7, 2009
Wal-Mart reports record earnings and sales
for the quarter that ended January 31st.
Wal-Mart`s chief officers said this morning that brisk sales in
January saved the world`s largest retailer from sluggish activity
before Christmas. They also said the late surge bodes well for
increases in the current quarter and year.
Wal-Mart reported net sales of 74.5 billion dollars
for the latest three-month period -- an increase of
12.2 percent over the same time last year.
The Bentonville company earned 63 cents a share, as compared
with 57 cents a year ago. Earnings met Wall Street expectations,
and all segments experienced higher profits over the quarter than
in the same quarter last year.
President and CEO Lee Scott said hard work from employees
helped Wal-Mart have a successful end to a difficult year.
