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Wal-Mart Earnings for 1st Quarter Impressive

By: Alexa Hamblin
Updated: May 15, 2007
wal-mart2007-05-15-1179239083.jpgWal-Mart Stores, Inc. disappointed many with its April retail sales report, but there's good news in the larger picture. Wal-Mart today reported record sales and earnings for the quarter ending April 30, 2007. Net sales for the first quarter of fiscal year 2008 were $85.387 billion. That's an increase of 8.3 percent over the first quarter of fiscal year 2007. Income for the quarter was $2.826 billion, an increase of 6.2 percent from $2.660 billion in the first quarter of fiscal year 2007.
(Copyright 2007 Newsroom Solutions, LLC)

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