Wal-Mart’s 3Q Income Rises

Wal-Mart Stores said that its profit rose 3.2% to $3.24 billion, or 84 cents a share in the quarter ended Oct. 31, compared with $3.14 billion, or 80 cents, a year ago.

The increase in profit was helped by cost-cutting measures, the Associated Press reported.

Sales at U.S. stores that have been open for more than a year fell 0.4%, and the company said that they may continue to fall in the fourth quarter, AP said.

Revenue increased to $99.4 billion, from $98.3 billion.

With about 6,750 tractors and more than 55,000 trailers, Wal-Mart ranks No. 3 on the Transport Topics Private 100 listing of U.S. and Canadian private carriers.