Walmart beats all around, with online sales rebounding

NEW YORKWalmart's improving store experience and rebounding online sales helped to power first-quarter results.

The world's largest retailer reported Thursday that both revenue and profits beat Wall Street estimates. Sales at stores opened at least a year rose a solid 2.1 percent.

It's an encouraging report from Walmart as it searches for solid footing in a rapidly changing environment that includes a dominant Amazon.com that is encroaching online and in some cases, just down the street.

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