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What to Look for When Foot Locker (FL) Posts Q2 Results

NEW YORK (TheStreet) -- Shares of Foot Locker (FL) were lower in midday trading on Wednesday ahead of the company's 2016 second quarter results, due out before Friday's opening bell.

Analysts are estimating that earnings and revenue will rise year-over-year.

Wall Street is expecting the New York-based sportswear and footwear retailer to report earnings of 90 cents per share on revenue of $1.76 billion.

During the same period a year ago, Foot Locker earned 84 cents per share on revenue of $1.7 billion.

Canaccord Genuity has a "buy" rating and $75...