What to Watch Wednesday: Ralph Lauren and Shake Shack Report Earnings

Earnings will be in focus on Wednesday, August 10, with Ralph Lauren (RL) - Get Report and Shake Shack (SHAK) - Get Report reporting quarterly results. Analysts expect Ralph Lauren to post earnings of $0.89 a share on sales of $1.53 billion. During the same quarter a year ago, the company posted earnings of $1.09 a share with revenue of $1.62 billion. Last quarter, the retailer posted earnings and revenue that beat Wall Street's expectations. Investors expect Ralph Lauren's results before the markets open. After the closing bell, Shake Shack is expected to report earnings of $0.13 a share on sales of $63.1 million for its most recent quarter. During the same quarter a year ago, the restaurant chain posted net income of $0.09 a share with revenue of $48.45 million. On the economic calendar, the Job Openings and Labor Turnover Survey for June is released at 10am Eastern, followed by the EIA Petroleum Status report at 10:30am. TheStreet's Scott Gamm reports from Wall Street.