Wal-Mart posts earnings of 98 cents a share vs. 88 cents expected

May 19, 2016 11:30 AM

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U.S. same-store sales were up 1 percent in the quarter, topping estimates of only a 0.5 percent increase.

The company also issued second-quarter guidance for earnings per share of 95 cents to $1.08, versus estimates of 98 cents a share.

Also read: Goldman Sachs earnings: $5.08 a share vs. $4.82 estimate

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