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Actionable news in WMT: WAL-MART STORES Inc,

Wal-Mart earnings: $1.07 a share vs $1.02 estimate; raises guidance

The world's largest retailer got even bigger during the second quarter, as the company's revenue and earnings topped Wall Street forecasts.

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

Wal-Mart shares jumped more than 4 percent in pre-market trading.

The discount chain earned $1.07 a share in the fiscal second quarter, slightly lower than last year's $1.08 a share. Revenue grew 0.5 percent to $120.85 billion.

Analysts had expected Wal-Mart to report earnings of $1.02 a share on $120.16 billion in revenue, according to a Thomson Reuters consensus estimate.

"We're pleased with the positive momentum in our business. Our strategy in the U.S. is working as we delivered an eighth consecutive quarter of positive [comparable sales], and international also performed well," CEO Doug McMillon said in a statement.

Indeed, same-store sales in Wal-Mart's U.S. division grew 1.6 percent, an acceleration from the first quarter's 1 percent lift. Analysts predicted the world's largest retailer would grow its domestic comparable sales by 1 percent, according to a FactSet estimate.

The company likewise recorded its seventh...