Wal-Mart posts higher quarterly profit


Wal-Mart Stores Inc posted a higher quarterly profit on Thursday, helped by strong sales of back-to-school merchandise in the United States.

The world's largest retailer said it had earned $1.08 per share in the third quarter ended October 31, up from 97 cents per share a year earlier.

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(Reporting by Brad Dorfman in Chicago and Jessica Wohl in Cincinnati; Editing by Lisa Von Ahn)