Walmart hikes annual profit forecast on steady demand
Aug 15 (Reuters) -U.S. retailer Walmart WMT.N raised its annual profit forecast on Thursday for the second time this year, as Americans kept flocking to its stores for inexpensive everyday essentials and as it sold more higher-margin ads to product companies.
The retail bellwether forecast annual adjusted profit per share to be between $2.35 and $2.43, compared with its prior expectations to potentially better or be at the high end of a range of $2.23 to $2.37 per share.
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Reporting by Siddharth Cavale in New York and Savyata Mishra in Bengaluru; Editing by Rod Nickel
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