NEW YORK (AP) -- Wal-Mart Stores Inc. is reporting second-quarter profit virtually unchanged from a year ago, but results beat Wall Street expectations.
The world's largest retailer says it is boosting its profit outlook as it benefits from a series of cost-cutting moves and draws frugal shoppers away from rivals.
Wal-Mart says Thursday it earned $3.44 billion, or 88 cents per share, in the quarter. That compares with $3.44 billion, or 87 cents per share, in the year-ago period.
Revenue fell 1.4 percent to $100.08 billion. Analysts projected earnings per share of 85 cents on revenue of $102.9 billion.
Online Reporter: Kelsi Schindler
Areas of fog tonight; warm and humid Sunday with a shower or T-storm possible.
1908 Grand Avenue, Wausau, WI 54403
News Tips: email@example.com or 715-842-9293