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Wal-Mart Net Tops Views, but Sales Light

The world's No. 1 retailer earned $1.21 a share in the fourth quarter, or $1.17 a share on an adjusted basis topping the estimates of analysts. Total U.S. same-store sales fell 1.6%, excluding fuel.

BENTONVILLE, Ark. (

TheStreet

) --

Wal-Mart

(WMT) - Get Report

, the world's No. 1 retailer, earned $1.21 a share in the fourth quarter, or $1.17 a share on an adjusted basis topping the estimates of analysts.

Total U.S. same-store sales fell 1.6%, excluding fuel, which was below company guidance.

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Net sales in the quarter were $112.8 billion, up from $107.9 billion a year earlier.

Analysts surveyed by Thomson Reuters expected Wal-Mart to earn $1.12 a share on sales of $114.6 billion.

Wal-Mart, in a press release Thursday, said it expects fiscal first-quarter earnings of 81 cents to 85 cents a share and full-year earnings of $3.90 to $4 a share.

-- Reported by Joseph Woelfel in New York.

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