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LIVE: Wal-Mart Earnings

Matthew BoeslerAug 15, 2013, 16:23 IST

Instagram/kaylaykinsHeads up! Minutes away from the release of Wal-Mart's second quarter earnings report, due out at 7 AM ET.

Analysts expect the global retailing giant to announce earnings of $1.25 per share in Q2, up from $1.18 a year ago.

Revenues are expected to come in at $118.47 billion, up from $114.30 billion a year ago.

"We think May and early June were the strongest part of the quarter for [Wal-Mart] as pent-up demand was met following a cool spring," says Jefferies analyst Daniel Binder. "We believe non-food areas moderated in June and then picked up in July as [back-to-school] got underway. Overall we think WMT should make plan and we are forecasting a 1.5% comp store sales increase for WMT U.S."

We will have the full release LIVE at 7 AM ET. Click here to refresh for the latest >