Wal-Mart posts record earnings
(February 19, 2004) — (Bentonville-AP) -- Wal-Mart reports record earnings and sales for the quarter that ended January 31st. The world's largest retailer had sales of 74-point-five billion dollars for the three-month period -- an increase of twelve-point-two percent over the same time last year. The Bentonville company earned 63 cents a share, as compared with 56 cents a year ago. Earnings met Wall Street expectations, and all segments experienced higher profits over the quarter than in the same quarter last year. President and C-E-O Lee Scott said hard work from employees helped Wal-Mart have a successful end to a difficult year.