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Feb 21, 2005 Issue #24

Cover Story

4Q Profits Improve at Wal-Mart

Bentonville, Ark. — Helped by stronger sales and continued expansion, fourth quarter profits at Wal-Mart Stores Inc. improved 16.2 percent, to $3.2 billion from $2.7 billion last year, modestly exceeding Wall Street expectations. Earnings per share came in at $0.75, slightly ahead of a consensus forecast of $0.