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Walmart's earnings beat expectations

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Walmart Inc. posted better-than-expected quarterly earnings, while sales fell short of analysts' projections.

Net income was up 80% from a year earlier to $3.8 billion in the first quarter. Analysts expected $2.9 billion.

Revenue was up 1% to $123.9 billion, lower than the $124.2 billion projected by analysts.

The company reported increased online sales and better performance in food, beverage and general merchandise.

Read more from USA Today.

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