Wal-Mart posts profit drop on higher sales

BENTONVILLE, Ark. ― Comparable-store sales at Wal-Mart were up 1.5% in its third quarter, as customer traffic continues to climb for the fourth consecutive quarter. Overall sales were up by 2.8%, while profits slipped to $3.304 billion from $3.711 billion. Online sales were up 10% during the quarter.

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