Wal-Mart Reports Biggest Same-Store Sales Gain In Four Years

The world's largest retailer got even bigger during the second quarter, as the company's revenue and earnings topped Wall Street forecasts, and it reported its biggest same-store sales gain in four years.

Wal-Mart raised its full-year outlook in wake of the strong results, even as it expects to take a 5 cent per share hit from its pending acquisition of Jet.com.

Wal-Mart shares were up nearly 2 percent in early trading, at about $74, after briefly touching a 52-week high of $75.19.

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