Wal-Mart Boosts Earnings Guidance for Year

Wal-Mart Stores boosted its earnings guidance yesterday for the fiscal year to a range of $3.43 to $3.50 per share, compared with previous guidance of $3.30 to $3.43, citing the underlying strength of its operations.

BENTONVILLE, Ark. — Wal-Mart Stores here boosted its earnings guidance yesterday for the fiscal year to a range of $3.43 to $3.50 per share, compared with previous guidance of $3.30 to $3.43, citing the underlying strength of its operations. For the second quarter that ended July 31, net income jumped 16.8% to a record level of $3.5 billion, while total sales were up 10.4% to $101.6 billion. Sales at Wal-Mart’s U.S. supercenters, discount stores and Neighborhood Markets, collectively, increas

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