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Wal-Mart announced on Thursday that profits rose 9.3 per cent over the same period last year to 3.7 billion dollars, a higher-than-expected jump for the world's largest retailer.
Wal-Mart's earnings per share were 1.09 dollars, higher than
analysts had forecasted and above last year's 0.98 dollars.
Sales grew to 112.3 billion dollars, up 8.6 per cent from last
year, with business at the discount retailer's international division
up 15 per cent.
Wal-Mart came under fire in April after it was revealed by The New
York Times that executives at the company's Mexican subsidiary
authorized the payment of 24 million dollars in bribes to public
officials in order to accelerate store expansion in the country.
