By TIMES WIRES
Published February 21, 2007
Wal-Mart Stores Inc.
Cost-cutting measures and robust international growth helped the world's largest retailer increase fourth-quarter profit by a better-than-expected 9.8 percent, overcoming modest sales gains at its namesake U.S. discount division.
4th Qtr Year Ago Revenue $98.1-bil $88.4-bil Net Income $3.94-bil $3.59-bil Per Share 95 cents 87 cents
2006 2005 Revenue $345-bil $309-bil Net Income $12.18-bil $11.41-bil Per Share $2.92 $2.72
Home Depot Inc.
As the world's largest home-improvement chain reported a 28 percent drop in fourth-quarter profit on Tuesday, chief executive Frank Blake said the company plans to focus more on its retail stores and improve customer service, rededicating itself to improving the helpfulness and knowledge of its employees, bettering the shopping environment at its stores, enhancing its products and catering more to professional customers.
4th Qtr Year Ago Revenue $20.27-bil $19.49-bil Net Income $925-mil $1.29-bil Per Share 46 cents 60 cents
2006 2005 Revenue $90.8-bil $81.5-bil Net Income $5.76-bil $5.84-bil Per Share $2.79 $2.72
[Last modified February 21, 2007, 01:59:43]
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