Wal-Mart beats the street with earnings, sales

The first quarter was a good one for Wal-Mart as the retailer bested industry analysts' predictions thanks to robust online sales.

The adjusted earnings per share hit $1, a healthy increase above analysts predicting $0.96 and sales at stores open for at least 12 months increased 1.4 percent, beating expectations of 1.3 percent, according to a Business Insider report.

The big burst in e-commerce sales resulted in 63 percent growth and led to the overall sales of $117.5 billion, according to the New York Times.

Topics: eCommerce, Financial News

Companies: Walmart

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