Wal-Mart earnings fall, but online sales surge

But the world’s largest retailer saw its U.S. business accelerate during the period that covers the holiday shopping season. The Bentonville, Arkansas-based company said Tuesday it earned $3.76 billion, or $1.22 per share in the three months ended Jan. 31. That compares with $4.57 billion, or $1.43 per share, a year ago.