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Walmart tops quarterly estimates

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Walmart reported earnings and revenue that beat analysts' expectations.

For its fiscal fourth quarter, Walmart posted adjusted earnings per share of $1.53, compared with $1.50 expected. Revenue of $152.9 billion beat projections of $151.5 billion.

Chief Financial Officer Brett Biggs said the discount retailer would work to keep prices competitive amid rising inflation.

Read more from CNBC.

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