News Alert: Wal-Mart Posts Strong Earning

Wal-Mart posts strong third quarter earning as profit rise 3.8% and sales growth 10%. Wal-Mart net income rose to $2.4 billion or 57 cents per share which is in line with analyst forecast. Shares rise 30 cents to $49.30.

Considering the closing of stores due to Hurrican Katrina, the numbers looks very promising.