Quarterly Profit, Retailer | featured news

The company reported net income of $7 million, or 1 cent a share, on sales of $12.8 billion. It was less profit than analysts had estimated, but the revenue was in line with forecasts.

Wal-Mart Stores Inc. is reporting a 9.3 percent increase in third-quarter net income as the world's largest retailer benefits from cost controls and a robust international business.

Target meets analyst expectations with its fiscal second quarter earnings.

J.C. Penney posted a sharply higher profit, aided by lower pension costs and a modest improvement in sales.