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Post by bounce on May 16, 2006 14:51:24 GMT -8
Wal*Mart's sales WENT UP and Target's went up even faster! So sorry to piss in the illegal's corn flakes (ROFLMFAO). Wal-Mart profits up 6.3 percent, top forecasts May 16 10:14 AM US/Eastern Wal-Mart Stores, the world's biggest retailer, have reported a profit of 2.615 billion dollars in the first quarter, up 6.3 percent from a year ago.
The profit amounted to 63 cents a share, two cents ahead of Wall Street forecasts.
Revenues grew 12 percent to 8.47 billion dollars, also ahead of analyst estimates.
"We are very pleased with our start to this fiscal year. We continued to have record sales and earnings and our inventory performance was the best we have seen in many quarters," Lee Scott, Wal-Mart president and chief executive officer, said Wednesday. www.breitbart.com/news/2006/05/16/060516141357.804972ya.html
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