Walmart Profit Drops
Walmart this week posted a profit of $5.1 billion for the fourth quarter, down from $6.1 billion the same time last year.
Sales rose in the company's U.S. operations but Walmart took a hit from currency exchange rates.
"We are pleased with Walmart's earnings performance for both the fourth quarter and the full year," Mike Duke, Walmart's president and chief executive officer, said as part of the announcement. "Today, every segment of our business is stronger than it was a year ago, and we're in a great position for fiscal year 2013."