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Wal-Mart Earnings Increase

By: Import User
Updated: January 7, 2009
Wal-Mart beat expectations when it posted earnings today of 62 cents a share, a 16-point-one percent increase for its second quarter. Analysts surveyed by Thomson First Call forecast earnings of 60 cents per share. The company earned 52 cents per share for its second quarter last year. Wal-Mart`s total earnings for the quarter were a record 2.7 billion dollars. Total sales for the quarter ending July 31st were 69.7 billion, an increase of 11.3 percent over the same period in the prior year. The Bentonville based company reported its strongest profit increase in its international segment.

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