Wal-Mart's results exceeded expectations

Wal-Mart, N ° 1 worldwide retailers, starts the year with good sales and a growth in profits.

 
Its sales recorded an increase of 4.4% to 103.4 billion dollars during the first quarter of fiscal year 2011. The profit was 3.4 billion, up 4% over the same period last year. These figures are well above market expectations.

These results are driven by the dynamics of international sales (+11.5%) while in the U.S, sales are down (-1.1%) for the second consecutive year.
 

source : boursier