Wal-Mart’s Profit Jumps 13% in Fourth Quarter

February 21, 2006 8:20 AM, EST

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al-Mart Stores said Tuesday its fourth-quarter profit rose 13% to $3.59 billion, or 86 cents a share, up from $3.16 billion, or 75 cents a year earlier.

Revenue rose 8.7% to $90.1 billion for the fiscal quarter ended Jan. 31, Wal-Mart said in a statement.

The company’s profit exceeded analysts' estimates, though it forecast annual earnings below analysts' estimates, Bloomberg reported.

Wal-Mart forecast full year profit of as much as $2.95 a share, less than the $2.98 consensus estimate, Bloomberg said.

The world’s largest retailer started its holiday advertising as early as Nov. 1, emphasizing electronics such as plasma televisions and fashionable clothing to drive sales.

Wal-Mart is ranked No. 2 on the Transport Topics 100 listing of North American private carriers.

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