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CNBC reports this morning that Walmart has reported “earnings and revenue for this past holiday quarter that topped analysts' expectations, as its e-commerce sales surged 43 percent.”

The retailer reported that Q4 net income was $3.69 billion, compared with $2.18 billion a year ago, on revenue that was up almost two percent to $138.79 billion from $136.27 billion a year ago.

US same-store sales were up 4.2 percent, while traffic at stores was up just 0.9 percent during the quarter, compared with growth of 1.6 percent a year ago; average sales were up more than three percent, however.
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