Wal-Mart Stores Inc.’s second-quarter net income rose 5.7 percent as the world’s largest retailer is wooing back frugal shoppers across the globe by doubling down on low prices.
The discounter also said Thursday that it’s raising its full-year profit outlook. But quarterly revenue that came in short of expectations disappointed investors, who sent the company’s stock down 3 percent to $71.99 in premarket trading.
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