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Wal-Mart's quarterly same-store sales beat estimates

Reuters  |  CHICAGO 

By Nandita BoseCHICAGO (Reuters) - Wal-Mart Stores Inc on Thursday reported slightly higher-than-expected quarterly sales at established U.S. stores as customer visits increased and online purchases accelerated.Earnings per share came to $1 in the first quarter ended on April 30, exceeding the analysts' average estimate of 96 cents, according to Thomson Reuters I/B/E/S. Consolidated net income fell to $3.04 billion from $3.08 billion due to an increase in the tax rate.Wal-Mart said sales at U.S. stores open at least a year rose 1.4 percent, excluding fuel price fluctuations. Analysts were ...

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