Earnings roundup: Wal-Mart Stores, GameStop

Associated Press

Among the earnings stories for Thursday, Nov. 15, from AP Business News:

— Wal-Mart Stores Inc. reported a 9 percent increase in third-quarter net income as the world's largest retailer continues to woo back shoppers by reemphasizing low prices. But momentum has slowed as it grapples with an uncertain global economy.

— Video game retailer GameStop Corp. said that it took a large loss in the third quarter because of a charge related to its stock price with lower sales compared to last year.

— Discount retailer Dollar Tree Inc. said that its net income increased nearly 49 percent in the third quarter as consumers spent more at its stores that sell goods for $1 or less. It expects sales to increase during the important holiday shopping season.

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