Wal-Mart Stores Inc's quarterly profit rose 7 percent
Net income rose to $3.02 billion, or 76 cents per share, in the first quarter ended on April 30, from $2.83 billion, or 68 cents per share, a year earlier.
For the
second-quarter, Wal-Mart forecast earnings per share of 78 cents to
81 cents. Analysts on average are expecting 81 cents. While Wal-Mart
said the year was off to a "solid start," it indicated
results for this quarter could miss Wall Street estimates as it
contends with a tough economic environment, higher transportation
costs and customers who are running out of money between paychecks.
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