Lower earnings for Wal-Mart

 16 May 2014 - 7:51

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Customers walk outside a Wal-Mart store in the Porter Ranch section of Los Angeles. Wal-Mart Stores reported lower earnings due to cold winter weather. Earnings in the first quarter came in at $3.6bn, down five percent from the year-ago level. Revenues rose 7.5 percent to $115bn.