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Wal-Mart (WMT Quote) matched first-quarter earnings targets but came up light on sales.
The Bentonville, Ark., retail giant made $2.83 billion, or 68 cents a share, for the quarter ended April 30, up from the year-ago $2.62 billion, or 63 cents a share. Sales rose 8% from a year ago to $85.39 billion.
Analysts surveyed by Thomson Financial were looking for a 68-cent profit on sales of $87.14 billion. ...
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