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Wal-Mart third-quarter sales rise 2.9 percent

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[November 13, 2014]  (Reuters) - Wal-Mart Stores Inc <WMT.N> reported a 2.9 percent increase in third-quarter revenue, helped by strong sales at its small format 'Neighborhood Market' stores.

Net profit attributable to Wal-Mart fell 0.4 percent to $3.71 billion, or $1.15 per share, for its quarter ended Oct. 31, from $3.74 billion, or $1.14 per share, in the same period a year earlier.

Total revenue rose to $119 billion from $115.7 billion a year earlier.

The world's largest retailer said same-store sales rose 5.5. percent at its Neighborhood Market stores in the quarter.

Overall U.S. same-store sales rose 0.5 percent, ending a six-quarter streak of flat or declining same-store sales in the region.

(Reporting by Nathan Layne in Chicago and Siddharth Cavale in Bangalore; Editing by Saumyadeb Chakrabarty)

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