Wal-Mart Stores Inc. reported unaudited consolidated earnings results for the first quarter ended April 30, 2013. For the quarter, the company reported total revenues of $114,187 million against $113,010 million a year ago. Operating income was $6,456 million against $6,387 million a year ago. Income before income taxes was $5,926 million against $5,852 million a year ago. Consolidated net income attributable to the company was $3,784 million against $3,742 million a year ago. Diluted net income per common share attributable to the company was $1.14 against $1.09 year ago. Net cash provided by operating activities was $4,894 million against $5,434 million a year ago. Payments for property and equipment were $2,968 million against $2,375 million a year ago. Free cash flow was $1,926 million against $3,059 million a year ago period. Comp sales performance was impacted by a delay in income tax refund checks, challenging weather conditions, less grocery inflation than expected and the payroll tax increase. The company expects to deliver EPS for second quarter of 2013 between $1.22 and $1.27, compared to $1.18 last year. The company forecasts comp sales to increase in the range of flat to positive 2% in the 13-week period from April 27 through July 26, 2013. Full year guidance for fiscal 2014 effective tax rate continues to be between 32% and 33%.

Wal-Mart Stores Inc. announced during second quarter, planning to open between 60 and 65 new units, including new stores, expansions and relocations.

TP-LINK Technologies Co., Ltd. announced a national distribution with Wal-Mart Stores Inc. to offer two TP-LINK portable wireless networking products in approximately 800 Walmart stores nationwide. Walmart customers will be able to select from a pair of proven TP-LINK wireless solutions for home and business use. The set of products to land on Walmart's store shelves are the 150Mbps Wireless N Nano Router (TL-WR700N) and the TP-LINK Portable Battery Powered 3G/4G Wireless N Router (TL-MR3040). TP-LINK expects both products to attract Walmart shoppers with their specific portable and mobile networking needs. The 150Mbps Wireless N Mini Pocket Router (TL-WR700N) connects users in places that offer wired-only Internet. Simply plug it into a power outlet, insert the Ethernet cable into the device and it's ready to share the Internet 'wirelessly' with multiple users at 150Mbps speed with superior range if the device is placed nearby. Small to fit inside pocket, it is ideal for connecting computers, tablets, smart phones, portable gaming consoles, and other Wi-Fi enabled mobile devices while on-the-go. With a very modest price-point the TP-LINK Mini Pocket Router can fit the budget of any Walmart customer, especially for travelers and students. The Portable Battery Powered 3G/4G Wireless N Router (TL-MR3040) is a mobile networking device that pairs with a 3G/4G USB modem. Insert the USB modem and the device will broadcast a wireless signal creating a mobile office or entertainment network for up to five devices to simultaneously access the 3G/4G mobile network. The device is the ideal travel companion, with pocket-sized design and powered by an internal rechargeable 2000mAh battery. The device is also easy to use, allowing users to rapidly set up a wireless Internet connection in as little time as it takes to plug in their 3G/4G USB router or an Ethernet cable.