Wal-Mart Sales Top Estimates - TheStreet

Wal-Mart Sales Top Estimates

Also, Costco and other retailers surprise Wall Street with unexpectedly strong sales.
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Updated from 12:34 p.m. EDT

Retailers surprised Wall Street to the upside Thursday, as

Wal-Mart

(WMT) - Get Report

,

Costco

(COST) - Get Report

and several big names reported rising April sales.

Wal-Mart said April same-store sales climbed 3.2% last month, excluding fuel sales, a result that topped expectations. Total sales for the month climbed 9.8% to $29.18 billion. Shares were recently up 1% to $57.39.

Costco said comps were up 8% last month. Its shares were flat on the day at $72.09.

BJ's Wholesale

(BJ) - Get Report

had an increase of 17.8% in comps and

Gap

(GPS) - Get Report

was also a positive, lifting its first-quarter profit forecast. Those two stocks were down 2.44% and 0.77%, respectively.

On the down side,

Limited

(LTD)

had a same-store sales decline of 5%. Its shares are up on the day, at $17.90.

Elsewhere in retail,

Best Buy

(BBY) - Get Report

was off 88 cents, to $42.57. The retailer said it is investing $2.1 billion for a 50% stake in The Carphone Warehouse, Europe's largest cell phone retailer.

This article was written by a staff member of TheStreet.com.