Wal-Mart's Q1 Sales Up, but Analysts Say Company Missed the Mark
BENTONVILLE, Ark. -- When the bar's set high, it's a long way down. Wal-Mart Stores, Inc.'s net sales for the first quarter ended April 30 were $70.9 billion, an increase of 9.5 percent over the first quarter of fiscal 2005, and net income for the quarter was $2.5 billion, a rise of 13.6 percent from $2.2 billion in the year-ago period.