Thursday, May 19, 2016
Wal-Mart profit, revenue beat expectations; US sales up more than expected
Wal-Mart Stores on Thursday reported a higher-than-expected quarterly profit and revenue, as sales in the U.S. market rose and the retailing giant kept a lid on costs.
U.S. same-store sales were up 1 percent in the quarter, topping estimates of only a 0.5 percent increase. . . .
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