Wal-Mart stocks are up

US cut-price retailer Wal-Mart reported fiscal second-quarter net income from ongoing operations of $2.3bn (€2.04bn), or 52 cents a share, up from 45 cents a share in the same period a year earlier.

Total sales rose 11% to $62.6bn (€55.5bn), with Wal-Mart division sales increasing 10%, international sales rising 19% and Sam's Club sales growing almost 8%.