• Wal-Mart announced yesterday that its third quarter profit was up 7.9 percent to $2.86 billion, from $2.65 billion a year earlier. Revenue, including membership and other income, jumped 8.9 percent to $91.95 billion. US same-store sales were up 1.5 percent overall, with the company’s discount and superstores up 1.5 percent and its Sam’s Club stores up 1.8 percent.
The numbers were higher than earlier projections, and gave the markets hope for the coming end-of-year holiday selling season.
The numbers were higher than earlier projections, and gave the markets hope for the coming end-of-year holiday selling season.
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