Wal Marts comparable sales beat estimates

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CHICAGO Wal-Mart Stores Inc (WMT. N) reported higher-than-expected global comparable sales on Tuesday, helped by a rise in online sales and higher traffic at Wal-Mart and Sam's Club stores. Sales at U.S. stores open at least a year rose 1.8 percent, excluding fuel. Analysts polled by research firm Consesus Metrix had forecast a rise of 1.3 percent.

Net income attributable to the world's largest retailer fell to $3.76 billion, or $1.22 cents per share, in the fourth quarter ended Jan. 31 from $4.57 billion, or $1.43 per share, a year earlier. Excluding items, including the impact from discontinued real estate projects and severance, earnings per share stood at $1.30.