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Net
profit attributable to the world's largest retailer fell to
$3.304 billion, or $1.03 per share, in the third quarter ended
on Oct 31 from $3.711 billion, or $1.15 per share, a year
earlier.
Analysts on average had expected 98 cents per share, according
to Thomson Reuters I/B/E/S.
Wal-Mart said consolidated revenue fell 1.3 percent to $117.4
billion, weighed down by its international operations, which
have been hurt by a stronger dollar.
Wal-Mart's earnings have been under pressure from costs to boost
entry-level wages, although the company says those investments
have translated into better customer service and sales.
Sales of U.S. stores open at least a year rose by 1.5 percent.
Wal-Mart said traffic to its roughly 4,600 stores increased by
1.7 percent.
Shares of Wal-Mart were up 2.6 percent at $59.36 in premarket
trading.
(Reporting by Nathan Layne; Editing by Lisa Von Ahn)
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