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."
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