Thursday, May 17, 2018

Walmart Shares Rise As Q1 Results Beat Estimates

Retail giant Walmart Inc. on Thursday reported a 30 percent decrease in profit for the first quarter from last year, as higher revenues were more than offset by a loss on equity investment in JD.com. However, both revenue and adjusted earnings per share beat analysts' estimates. The company's shares are gaining 1.7 percent in pre-market activity.

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