| Electricity producer Duke Energy Corp. (DUK) will publish second-quarter results at 7:00 am ET Tuesday, with analysts projecting earnings of $0.26 per share on revenues of $3.18 billion. While announcing first-quarter numbers, the company said it is on track to achieve its 2009 employee incentive target of $1.20 per share on an adjusted basis.
{loadposition link_newslink1} | {loadposition livevideopromo} | | | | | {loadposition homeaccordion2} | | | {loadposition contentad} | | | | | Packaged foods and beverages company Kraft Foods Inc. (KFT) is likely to dish out second-quarter figures at 4:00 pm ET, with analysts expecting earnings of $0.54 per share on revenues of $10.37 billion. The foodmaker in May reaffirmed 2009 earnings forecast of $1.88 per share with organic net revenue growth of about 3%. For NiSource Inc. (NI), an energy holding company, analysts are looking for earnings of $0.01 per share on revenues of $1.63 billion for the second quarter. The results are due to be announced on August 4. For fiscal 2009, the company still expects net operating earnings of $1.00 - $1.10 per share. Oilfield equipment and services provider Cameron International Corp. (CAM) projects second-quarter earnings to range between $0.45 and $0.48 per share, with analysts are expecting earnings of $0.47 per share for the quarter. The results are scheduled to be released before the market opens Tuesday. For the full year 2009, Cameron currently expects earnings, excluding charges, in the range of $1.85 - $2.00 per share, revised from the earlier outlook of $1.75 - $2.00 per share. Cognizant Technology Solutions Corp. (CTSH) will check in from the IT sector before the market opens to issue forth its second-quarter report card. Wall Street analysts have a consensus earnings estimate of $0.37 per share, on revenues of $761.99 million for the quarter. The company projects second-quarter earnings to be $0.37 per share. Excluding $0.05 per share of estimated stock-based compensation and stock-based Indian fringe benefit tax expense, earnings are projected to be $0.42 per share. The company expects revenue for the second quarter to be at least $760 million. For the fiscal year 2009, Cognizant now expects earnings per share to be at least $1.53. Excluding $0.18 of estimated stock-based compensation and stock-based Indian fringe benefit tax expense, net income is expected to be around $1.71 per share. Earlier, Cognizant had projected full-year 2009 earnings per share to be at least $1.54, and adjusted earnings per share to be at least $1.72. Revenue for the full year is expected to be at least $3.1 billion, which is in line with the earlier projection. Drugstore operator and pharmacy benefits manager CVS Caremark Corp. (CVS) will divulge second-quarter financial results before the market opens Tuesday, as analysts are expecting earnings of $0.64 per share on revenues of $24.41 billion for the quarter. In mid-May, the company raised its full year 2009 earnings guidance by $0.02 per share to a range of $2.37 - $2.45 per share or $2.55 - $2.63 per share, excluding items. The largest U.S. homebuilder D.R. Horton Inc. (DHI) is likely to be on shaky ground as analysts are expecting the company to report a loss of $0.23 per share on revenues of $792.06 million for the third quarter. Spectra Energy Corp. (SE), a natural gas infrastructure company, will trump out second-quarter numbers before the market opens Tuesday. Wall Street analysts have a consensus earnings estimate of $0.20 per share on revenues of $1.07 billion for the quarter. Automaker Toyota Motor Corp. (TM) is slated to report first-quarter results Tuesday. On July 29, arch rival Honda Motor Co. Ltd. (HMC) posted a sharp decline in first-quarter profit that totaled JPY 7.56 billion or JPY 4.17 per basic common share, versus JPY 173.4 billion or JPY 95.56 per basic common share in the prior-year quarter, dented by declined revenues in automobile business and unfavorable currency translation effects. Toyota Motor expects a 1.06 million-unit drop in vehicle sales, especially in Japan and North America, to 6.5 million units for the fiscal year ending March 31, 2010, citing the continuance of the current severe conditions of each market. Based on this assumption, Toyota expects fiscal 2010 net loss attributable to the company to be 550.0 billion yen, operating loss to be 850 billion yen, and net revenues to be 16.5 trillion yen. Other higher-ups in the market set to publicize quarterly results Tuesday include electric utility Allegheny Energy Inc. (AYE), biopharmaceutical company Cephalon Inc. (CEPH), integrated energy company Progress Energy (PGN), system management solutions provider BMC Software (BMC), telecom services provider Frontier Communications Corp. (FTR), and integrated energy company Entergy (ETR).
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