Wal-Mart issues warning on profits (AP)

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May 15th, 2007, 09:04 AM

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Wal-Mart issues warning on profits (AP)

AP - Wal-Mart Stores Inc. warned Tuesday that its profits in the current quarter could fall short of expectations after reporting an 8 percent gain in first-quarter earnings amid cost-cutting and strength in its warehouse clubs and international businesses. The company continued to struggle with its namesake discount business.

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