Wal-Mart’s Profit Jumps 13% in Fourth Quarter

al-Mart Stores said Tuesday its fourth-quarter profit rose 13% to $3.59 billion, or 86 cents a share, up from $3.16 billion, or 75 cents a year earlier.

Revenue rose 8.7% to $90.1 billion for the fiscal quarter ended Jan. 31, Wal-Mart said in a statement.

The company’s profit exceeded analysts' estimates, though it forecast annual earnings below analysts' estimates, Bloomberg reported.

The world’s largest retailer started its holiday advertising as early as Nov. 1, emphasizing electronics such as plasma televisions and fashionable clothing to drive sales.

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