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US retail giant Wal-Mart on Thursday posted third quarter profits of 3.23 billion dollars, up 3.2 percent from a year ago, beating market expectations.The firm, which is the world's largest retailer, overcame battered consumer confidence in its principal market, the United States.
The profit amounted to 84 cents per share, three cents ahead of Wall Street expectations for the quarter ended October 31.
Net sales for the third quarter were 98.667 billion dollars, an increase of 1.1 percent from the same period last year. But sales would have been even higher if not for foreign exchange fluctuations, the company said.
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