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Update: Wal-Mart Meets, J.C. Penney Beats Expectations
Updated from 9:59 a.m. EDT
A number of retailers, including discount giant Wal-Mart(WMT Quote), acknowledged Tuesday that an apparent slowdown in consumer spending, spurred by higher fuel prices and a lackluster stock market, tempered earnings performances in the latest quarter.
Wal-Mart (WMT Quote) attracted much of the retail attention Tuesday, matching Wall Street's earnings estimates with a 6% rise in third-quarter profits. Shares of Wal-Mart finished Tuesday regular trading up $1.56, or 3%, at $46.88. ...
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