A bold online bet may not be able to sustain a rally for Wal-Mart Stores Inc. The world’s largest retailer plans to buy online discount retailer Jet.com Inc. for $3.3 billion, the largest purchase ever of an e-commerce startup. More light is expected to be shed on this acquisition Thursday when Wal-Mart reports fiscal second-quarter results. Analysts polled by FactSet estimate earnings for the period ending in July of $1.02 a...

Source: Wall Street Journal August 17, 2016 19:42 UTC