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Wal-Mart Posts Higher-than-expected Q2 Profits

Company earned $3.44 billion

The world's largest retailer Wal-Mart reported higher than expected $3.44 billion second quarter earnings on August 11, steady compared to the same period last year.

The Bentonville, Arkansas-based Wal-Mart Stores, Inc. reported earnings of 3.449 billion in the same period in 2008, the company said.

For the second quarter of fiscal year 2009 the company reported earnings per share of $0.88 dollars, on the high side of the company's guidance of $0.83 to $0.88.

The retail giant reported profits of $0.86 dollars per share from continuing operations in the second quarter last year.

Copyright Agence France-Presse, 2009

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