Wal-Mart reports net income increase

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Wal-Mart reports net income increase

By Wire Reports

1 Min Read • May 18, 2011 | 15 years Ago

| Wednesday, May 18, 2011 12:00 a.m.

Wal-Mart Stores Inc. reported net income of $3.39 billion, or 97 cents per share, in the three months ended April 30.

That compares with $3.3 billion, or 87 cents per share, in the same period last year. Revenue, excluding membership fees from Sam’s Club warehouse stores, rose 4.4 percent to $103.41 billion.

Analysts expected earnings of 95 cents on revenue of $102.76 billion, according to FactSet.

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