Walmart Posts $3.79 Billion Profit

Walmart reported earnings Tuesday that fell from the same period last year, but nonetheless beat expectations.

The retail giant reported a profit of $3.79 billion, a drop of 7 percent over the same period last year, in the quarter that ended Jan. 31. According to the AP, Walmart's total sales rose slightly to $109.12 billion, with same-store sales up 2.8 percent. The chain also reported double-digit gains in sales of both HDTVs and gaming systems.

Analysts had predicted a slightly smaller profit.

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