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Walmart’s same-store sales, earnings beat estimates

Reuters 05/18/2017

Walmart posted a same-store sales gain of 1.4 percent in the first quarter, slightly better than the 1.3 percent that analysts had forecast. Earnings came in at $1 per share, exceeding the 96 cents a share expected by Wall Street. Online sales for the company rose 63 percent, which Walmart attributed primarily to existing businesses and not acquisitions.

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