(MarketWatch.com) — Wal-Mart Stores Inc., the world’s largest retailer, said Tuesday that its first-quarter profit rose to $3.32 billion, or 88 cents a share, from $3.02 billion, or 77 cents, a year earlier. Sales in the quarter ended April 30 rose 6% to $99.1 billion while membership and other income declined 2.6% to $751 million, the Bentonville, Ark.-based retailer said. Wal-Mart as expected to report first-quarter adjusted profit of 84 cents a share on sales of $98.3 billion, according to the average estimate of analysts surveyed by FactSet.
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