Wal-Mart 4Q Earnings Up 16.2%

Bentonville, AR, February 17--Wal-Mart reported fourth quarter earnings that were up 16.2 percent to $3.16 billion, or $0.75 per share. Analysts were expecting earnings of $0.74 during the quarter. Sales during the quarter rose 10.4 percent to $82.22 billion. Same store sales for the period rose 1.4 percent. President and chief executive Lee Scott said "We can look forward to even better results in the current year."