Wal-Mart meets earning forecasts

(August 13, 2003) — (Bentonville-AP) -- Wal-Mart Stores today announced it posted second-quarter earnings of two-point-three (b) billion dollars, a nearly 15 percent increase. The world's largest retailer says it earned 52 cents per share, equaling analysts' forecast. That compares to earnings of 45 cents per share for the same period a year ago. Total sales for the quarter ending July 31st were 62-point-6 (b) billion dollars, an increase of eleven percent over the same period last year. Net income rose about 15 percent from the two (b) billion dollars a year ago. Wal-Mart's earnings were helped by another strong quarter of sales from its international division. Wal-Mart has 34-hundred domestic stores, and 13-hundred international units. Wal-Mart has more than one (m) million employees in the United States, plus 300-thousand abroad.