Wal-Mart holiday profit rises despite lackluster sales

Wal-Mart Stores Inc posted a larger-than-expected rise in quarterly profit on Thursday, as a lower-than-anticipated tax rate helped to overcome some weakness in sales at its major Walmart U.S. unit that persisted into the beginning of February. The world’s largest retailer also raised its divide…

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Wal-Mart holiday profit rises despite lackluster sales