Wal-Mart, the world's largest retailer, said its sales in stores open at least a year rose 3 percent, and were up 3.1 percent, excluding fuel, according to a CNBC website report Thursday.
Analysts, on average, were expecting the company's U.S. same- store sales to rise 1.5 percent, according to Thomson Financial. The company was estimating August same-store sales to rise between 1 percent and 2 percent.
Wal-Mart was not alone in outpacing estimates. According to Thomson Financial, 67 percent of all have outpaced analysts' estimates.
Source: Xinhua
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