Walmart Posts 3 Percent Rise In 3Q Profit

Walmart, the world's largest retailer, says sales increased in the recent quarter. The company said it made $98.7 billion in sales in this latest three month period, up slightly. It would have made more if it hadn't been for price deflation, and the the weak dollar, which cut into earnings from overseas sales.

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STEVE INSKEEP, host:

NPRs business news starts with Wal-Mart still going strong.

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INSKEEP: Wal-Mart says sales increased in the recent quarter. The worlds largest retailer came out with its financial earnings report today. It made $98.7 billion in sales in the latest three-month period, which is up slightly from this time last year. And, Wal-Mart says, the figures wouldve been even better had it not been for a few factors like price deflation - prices actually went down and also the weak dollar. Wal-Mart CEO Mike Duke said increased productivity and improved inventory management contributed to the strong financial performance.

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