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Wal-Mart Shares Surge After Profit Tops Estimates

Wal-Mart Stores Inc., the world’s largest retailer, rose the most in more than three years after reporting first-quarter profit that topped analysts’ estimates as its low prices increased customer traffic and boosted sales.

Wal-Mart climbed 4.2 percent to $61.68 at the close in New York, the biggest gain since February 2009.