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Walmart tops US$500 billion in market value as results impress

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Walmart Inc. shares surged on Thursday, pushing the retailer’s market value over US$500 billion for the first time, after it posted stronger-than-expected first-quarter earnings and boosted its annual sales and profit forecasts.

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Walmart beats earnings estimates as low prices lure bargain huntersWalmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday.
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