What to Watch Friday: Anheuser-Busch Inbev Reports Earnings, Q2 GDP Estimate

On Friday, July 29, investors will get quarterly results from Anheuser-Busch Inbev and the first estimate of second quarter GDP.
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On Friday, July 29, investors await quarterly results from Anheuser-Busch Inbev (BUD) - Get Report and the first estimate of second quarter GDP. Before the markets open, the beverage maker is expected to release earnings of $1.00 a share on sales of $10.93 billion. During the same quarter a year ago, the company reported profit of $1.21 a share with revenue of $11.05 billion. Investors will be looking for updates on the company's proposed $104 billion acquisition of SABMiller. Other companies including United Parcel Service (UPS) - Get Report , Xerox Corporation (XRX) - Get Report , Merck (MRK) - Get Report and Cigna (CIG) - Get Report report before the markets open. On the economic calendar, the first estimate of second quarter gross domestic product is released at 8:30am Eastern. Analysts expect economic growth of 2.6 percent during the quarter, ahead of the 1.1 percent growth seen during the first quarter. TheStreet's Scott Gamm reports from Wall Street.