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Solid Walmart Results Keep Retail Parade Marching, But Bond Yields In Focus

JJ Kinahan

Wal-Mart earnings of $1.14 beat third-party consensus estimates by a penny, and sales of $122.7 billion topped estimates of $120.13 billion. If you’re listening to Wal-Mart’s conference call, you might want to consider focusing on any potential conversation about the company’s $16 billion deal that gives it a 77% stake in India’s Flipkart.