What to Watch Friday: Foot Locker Earnings, Baker-Hughes Rig Count

On Friday, August 19, investors await quarterly results from Foot Locker (FL) - Get Report and oil rig count data. Analysts expect Foot Locker to post second quarter earnings of $0.90 a share on sales of $1.76 billion. During the same quarter a year ago, the retailer reported earnings of $0.84 per share with revenue of $1.7 billion. Last quarter, Foot Locker's comparable store sales rose 2.9 percent year-over-year. Foot Locker's results are expected before the markets open. Estee Lauder Companies (EL) - Get Report and Deere & Company (DE) - Get Report also report earnings on Friday. It's a light day for the economic calendar, with Baker-Hughes (BHI) releasing its weekly rig count at 1pm Eastern. Last week, U.S. oil rig count rose by 15 to 396 - the most since late February. TheStreet's Scott Gamm reports from Wall Street.