Wal-Mart's 4Q Earnings Down 7.4 Percent, 1Q Slow

by Benjamin Domenech on 9:29 am February 17, 2009

NEW YORK – Wal-Mart Stores Inc., the world’s largest retailer, said Tuesday that its fourth-quarter profit fell 7.4 percent as it was hurt by the strong dollar and a charge from settling a labor lawsuit. The company also said first-quarter earnings could miss Wall Street expectations.

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