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Wal-Mart's 1Q profit, sales disappoint

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By ANNE D'INNOCENZIO

AP Retail Writer

NEW YORK (AP) -- Wal-Mart Stores Inc. is reporting a slim 1.1 percent increase in first-quarter profit as the world's largest retailer struggled with a sales slump in its namesake business.

The company also offered a profit outlook that came below analysts' expectations.

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