OMG! I HATE THEM SO MUCH!!
Wal-Mart's 3Q profit rises 10 percent
NEW YORK - Wal-Mart Stores Inc. reported a 10 percent increase in third-quarter profit as the world's largest retailer's renewed focus on low prices is attracting financially squeezed shoppers around the world.
The company, however, trimmed its profit outlook amid a weak economy and unfavorable exchange rates.
The Bentonville, Ark.-based retailer said Thursday that profits rose to $3.14 billion, or 80 cents per share, in the quarter ended Oct. 31. That compares with $2.86 billion, or 70 cents per share, a year earlier.
NEW YORK - Wal-Mart Stores Inc. reported a 10 percent increase in third-quarter profit as the world's largest retailer's renewed focus on low prices is attracting financially squeezed shoppers around the world.
The company, however, trimmed its profit outlook amid a weak economy and unfavorable exchange rates.
The Bentonville, Ark.-based retailer said Thursday that profits rose to $3.14 billion, or 80 cents per share, in the quarter ended Oct. 31. That compares with $2.86 billion, or 70 cents per share, a year earlier.