Wal-Mart Fourth-Quarter Profit Up

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Wal-Mart Stores Inc., the world’s largest retailer, said Tuesday its fourth-quarter earnings rose 13.4 percent after aggressive holiday advertising helped boost sales by 8.6 percent.


But Wal-Mart shares slipped as the retailer’s fourth-quarter revenue fell short of projections, and it also forecast a profit outlook that is below Wall Street estimates.


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