Wall-Mart surpasses expectations in first quarter of 2016

Source: CNBC
© Reuters
Wall-Mart Stores reported higher-than-expected quarterly earnings on Thursday. Analysts estimated profit of $0.88 per share, but Wall-Mart chain announced $0.98 of net income per share. $115.9 billion quarterly revenue was posted instead of expected $113.22 billion. Shares of the shopping chain surged more than 8% pre-market by 11:30 GMT.
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