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Sunday, August 16, 2009

Wal-Mart stores- the highest profit maker in retail

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Wal-Mart Stores Inc NYSE WMT 12:00 AM ET 8/14/09
Last: 51.79 Change: -0.09 %Change: -0.17% Volume: 17,238,900
Open: 51.87 P/E Ratio: 15.32

High: 52.25 EPS: 3.38
Low: 51.54 Ex Date: 12/9/2009
Bid: 51.83 Dividend: 0.27
Ask: 51.82 Shares Out: 3.9 B
Yield: 2.10% Market Cap: 201.8 B
52wk High: 63.85 52wk Low: 46.25 Avg Volume: 22.1 M

In the middle of the tough retailing environment, slower consumer spending and lower revenues did not stop the world’s largest retailer from boosting profits.

Wal-Mart Stores Inc. reported second-quarter net income of $3.45 billion, up from $3.4 billion one year ago. Revenue for the Bentonville-based retail giant slipped 1.4 percent compared to last year’s $100.08 billion. U.S. sales accounted for nearly two-thirds of the company’s revenue and same-stores sales rose 1.5 percent.

Wal-Mart officials say they are focused on “accelerating” expense reductions, but they only predicted future same-store sales in the zero to two percent range.

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