Wal-Mart Scores Solid US Sales; Earnings Dip
Wal-Mart Stores on Tuesday reported a strong gain in domestic store sales during the key holiday-shopping quarter, although earnings fell on higher expenses. The world’s biggest retailer reported fourth-quarter net income of $3.8 billion, down 17.9 percent from the year-ago period. Revenues were up 1.0 percent to $130.9 billion. Comparable sales at US Wal-Mart stores, … Read more