An E-Commerce Rebound at Walmart Helps Boost Results

Heading into the company's earnings report, there was a lot going on with Walmart Inc. (NYSE: WMT), the world's largest retailer The company recently prevailed in its bidding war to acquire India's biggest e-commerce platform Flipkartfor a reported $16 billion. Walmart also sold its U.K.-based Asda supermarket chainto competitor Sainsbury in a deal valued at $10 billion, with Walmart owning a 42% stake in the new, larger company.