Walmart Profit Up 3 Percent

Walmart Tuesday reported a first quarter profit of $3.39 billion, a three percent increase over the same time the year before.

The growth was mostly attributed to the company's overseas performance, as domestic performance remained sluggish.

"We recognize we still have work to do and comp sales growth remains the greatest priority for me and the entire Walmart U.S. team," CEO Mike Duke said as part of the announcement. "The good news is that the plan Bill Simon and his team are executing is gaining traction. We're focused on delivering every day low price and a wide assortment."