BENTONVILLE, Ark. (AP) - Wal-Mart is reporting second-quarter profit of $2.9 billion, or 96 cents per share.
Adjusted to remove one-time gains or losses, per-share profit was $1.08, a penny better than expected, according to a poll by Zacks Investment Research.
The Bentonville, Arkansas, company posted revenue of $123.36 billion, also better than the $122.71 billion that Wall Street expected.
Wal-Mart Stores Inc. expects full-year earnings in the range of $4.30 to $4.40 per share.
Shares have climbed 17 percent since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMT at https://www.zacks.com/ap/WMT
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Keywords: Wal-Mart Stores, Earnings Report, Priority Earnings