Walmart beats Wall Street expectations, raises outlook as it offers more grocery discounts

Walmart, the largest retailer and private employer in the U.S., reported another strong quarter, surpassing Wall Street expectations as it enticed shoppers with more discounts on groceries.  The Arkansas-based company reported consolidated revenue climbed 4.8% to $169.34 billion during the three-month period ending July 31, higher than the $168.53 billion Wall Street expected. Adjusted earnings per share came in at $0.67, also above the $0.65 analysts expected.The company also raised its guidance for the fu ...