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Earnings Watch For February 27 (AES, LOW, CECO, PCLN, URS)

Power company AES Corp. (AES: Quote) is slated to report fourth-quarter results. It is expected that the company will earn $0.22 per share compared to $0.23 per share last year, on revenues of $3.46 billion. The stock closed Friday at $13.80. (The stock up about 21% in Q4; MA(50)- $12.63; MA(100)- $11.92; 52-wk H/L $14.01/$9)

Lowe's Companies, Inc. (LOW: Quote) is scheduled to report fourth-quarter results. The world's second largest home improvement retailer is expected to post earnings of $0.24 per share on revenues of $11.34 billion. In the prior year, the company earned $0.21 per share on revenues of $10.48 billion. LOW closed Friday's trade at $27.16. (The stock gained nearly 32% in Q4; MA(50)- $26.42; MA(100)- $24.34; 52-wk H/L $28.46/$18.07)

Career Education Corp. (CECO: Quote) is expected to report quarterly results. For the fourth quarter, the company is anticipated to record a profit of $0.26 per share, a decline from $0.81 per share in the year-ago quarter, with revenues estimated at $436.52 million. The company's shares closed Friday's session at $11.93. (The stock plunged almost 39% in Q4; MA(50)- $9.50; MA(100)- $10.30; 52-wk H/L $27.60/$6.22)

Online travel services provider priceline.com Inc. (PCLN: Quote) is due to report results for the fourth quarter. Earnings and revenue for the quarter are expected to be $5.05 per share and $967.91 million respectively. Last year, the company earned $3.40 per share on revenues of $731.32 million. The stock closed Friday at $590.41. (The stock up about 4% in Q4; MA(50)- $513.59; MA(100)- $503.73; 52-wk H/L $595.84/$411.26)

URS Corp. (URS: Quote) will post fourth-quarter results today. Quarterly earnings are expected to rise year-over-year to $0.98 per share from $0.75 per share. Also, the company is anticipated to generate revenues of $2.54 billion for the quarter. URS closed Friday's regular trade at $46.62. (The stock gained nearly 18% in Q4; MA(50)- $39.40; MA(100)- $37.01; 52-wk H/L $47.28/$27.93)

Additionally, Cooper Tire & Rubber Co. (CTB: Quote), El Paso Corp. (EP: Quote), El Paso Pipeline Partners LP (EPB: Quote), Valeant Pharmaceuticals International, Inc. (VRX: Quote), Visteon Corp. (VC: Quote), Cray Inc. (CRAY: Quote), Human Genome Sciences, Inc. (HGSI: Quote), Sina Corp. (SINA: Quote) and Vornado Realty Trust (VNO: Quote) are expected to report their results today.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Firms responding to a survey by the Federal Reserve Bank of Philadelphia indicated continued growth in regional manufacturing activity in September, although the bank said the index of activity in the sector fell from its relatively high reading in August. Stocks have moved mostly higher in early trading on Thursday, extending a recent upward move by the markets. The major averages have all climbed into positive territory, with the Dow reaching a new record intraday high. With new construction of multi-family homes showing a substantial pullback, the Commerce Department released a report on Thursday showing a much steeper than expected drop in U.S. housing starts in the month of August.
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