Walmart shares surge to record high after earnings beat and outlook boost

posted stronger-than-expected first-quarter earnings Thursday and said full-year profit could top its forecasts, as the world's biggest retailer continues to benefit from value-focused shoppers hit by food-price inflation.
Adjusted earnings for the three months ended in April came in at 62 cents a share, up 26.5% from the same period last year and firmly ahead of the Wall…

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