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Wal-Mart Stores (WMT), the world's largest retailer, has reported share earnings for fiscal 2010's first quarter (ended April 30th) of $0.88, versus our estimate of $0.85 and last year's $0.77. The International division's 28% increase in operating profit accounted for the better-than-expected showing, helped by favorable foreign currency changes equivalent to roughly $0.02 a share. Consequently, we've increased our share-net estimates for both fiscal 2010 and 2011 by a nickel, to $4.05 and $4.65, respectively. This high-quality stock offers attractive total return potential to 2013-2015.