WALMART SEES 56.2% RISE IN Q3 PROFITS

Highlights

• Walmart’s net income zoomed 56.2 percent to $5.1 billion as compared to same period last year, following a spike of 5.2 percent in sales to $134.7 billion in the quarter that ended on October 31

• Walmart said its third quarter US e-commerce sales increased 79 percent while same-store sales went up by 6.4 percent

• Walmart CEO Doug McMillon said “This was another strong quar....