On Thursday, Walmart Inc (NYSE: WMT) surpassed estimates with fiscal first quarter earnings and revenue expectations. The discounter significantly expanded its e-commerce sales and boosted profits with newer businesses, including advertising and its efforts to appeal to more affluent shoppers in order to fight off rivals like Amazon.com Inc (NASDAQ: AMZN). While Walmart is the nation’s biggest retailer, Amazon leads when it comes to e-commerce, but Walmart is determined to stop being the underdo...
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