Wal-Mart’s First-Quarter Income, Revenue Improve

May 16, 2006 8:50 AM, EDT

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al-Mart Stores said Tuesday its first-quarter profit rose 6.3% to $2.62 billion or 63 cents a share, up from $2.46 billion or 58 cents a year earlier.

Revenue rose to $80.5 billion for the fiscal quarter ended April 30 compared with $71.7 billion a year earlier, Wal-Mart said in a statement.

The company’s revenue was in line with analysts’ estimates, the Associated Press reported. First-quarter sales in stores open at least a year rose 3.8%.

Wal-Mart, the world’s largest retailer, said its second-quarter profit would be 70 to 74 cents per share and it reiterated its full-year guidance of $2.88 to $2.95 a share

Wal-Mart is ranked No. 2 on the Transport Topics 100 listing of North American private carriers.