By  on November 15, 2012

Wal-Mart on Thursday reported mixed results for the third quarter ending Oct. 31, an indication that its core lower income customer is still struggling with high unemployment and high gas prices. Sales for the third quarter rose 3.4 percent to $113.20 billion, missing analysts' average forecast of $114.96 billion.

The retail giant earned $3.64 billion, or $1.08 a share, compared with $3.34 billion, or 97 cents a share, a year earlier.

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