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Walmart's U.S. e-commerce growth rebounds, shares rise

Reuters  |  NEW YORK 

By Nandita BoseNEW YORK (Reuters) - Walmart Inc, the world's biggest retailer, posted a rebound in its U.S. e-commerce business on Thursday and beat profit and revenue expectations, lifting its shares in premarket trade.Walmart's e-commerce sales grew 33 percent during the first quarter ended April 30, above the 23-percent growth in the previous three months. It said it is on track to increase U.S. e-commerce sales by 40 percent for the full year. The e-commerce rebound comes after a sharp slowdown during the crucial holiday quarter, which sent its shares down over 10 percent and wiped out ...

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First Published: Thu, May 17 2018. 18:52 IST
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