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Caribbean Global Market Update

Cisco Declines on Gloomy Forecast, Wal-Mart Sustains Online Momentum

Author: Mukesh Buch
Islandjournal.net
Last Update: 4:07 PM ET May 18 2017


U.S. comparable sales rose 1.4% while net sales at Walmart international fell 3% to $27.1 billion.

Net income in the quarter fell 1.3% to $3.04 billion or $1 per diluted share from $3.08 billion or 98 cents in the same quarter last year.

Wal-Mart said online sales in the quarter soared 63%, higher than 29% increase in the fourth quarter.


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