By  on August 15, 2019

Walmart Inc. on Thursday posted solid second-quarter financial results, suggesting that the retail sector — including brick-and-mortar stores — may have some life.

Not all of Walmart’s results were positive. Profits in the three months ended July 31, 2019, declined $861 million to $3.6 billion. But the bottom line still topped Wall Street analyst expectations and the retail behemoth raised its outlook for the year for its U.S. business, including comparable-store sales, consolidated operating income and earnings per share, boosting the stock by more than 6 percent.

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