18 minutes ago NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT.N) on Thursday reported a 5.8 percent rise in June sales at U.S. stores open at least a year, beating Wall Street estimates, and the discount retailer raised its second-quarter earnings forecast.Analysts, on average, had expected a same-store sales gain of 3.8 percent, according to Thomson Reuters Estimates, while the company itself had forecast a rise of 2 percent to 4 percent, excluding gasoline sales.
Wal-Mart's monthly sales have been outpacing those of competitors as shoppers head to its stores for discounts on food, health-care items and electronics.
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