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Earnings Watch For February 29 (LIZ, SPLS, YGE, CNP)

Apparel and accessories maker Liz Claiborne, Inc. (LIZ: Quote) is slated to report results for the fourth quarter. The company is expected to record a profit of $0.10 per share on revenues of $477.50 million. In the year-ago quarter, the company reported loss of $0.03 per share on revenues of $703.75 million. The company's shares closed Tuesday's regular trade at $10.39. (The stock surged about 73% in Q4; MA(50)- $9.27; MA(100)- $8.51; 52-wk H/L $10.50/$4.02)

Staples, Inc. (SPLS: Quote) is due to post quarterly results. For the fourth quarter, the office supplies retailer is expected to earn $0.40 per share versus $0.39 per share last year, with revenues estimated at $6.45 billion. SPLS closed Tuesday's session at $16. (The stock rose almost 5% in Q4; MA(50)- $14.89; MA(100)- $14.73; 52-wk H/L $21.50/$11.94 )

Chinese solar energy company Yingli Green Energy Holding Co. (YGE: Quote) is scheduled to report fourth-quarter results. Loss and revenue for the quarter are expected to be $0.26 per share and $422.33 million respectively. A year earlier, the company reported earnings of $0.52 per share on revenues of $616.09 million. On Tuesday, the stock closed at $3.91. (The stock gained nearly 23% in Q4; MA(50)- $4.33; MA(100)- $4.09; 52-wk H/L $13.14/$2.75 )

CenterPoint Energy, Inc. (CNP: Quote) is expected to report results for the fourth quarter. The electric and natural gas utility company is expected to report earnings of $0.19 per share, lower than last year's $0.21 per share, on revenues of $2.51 billion. CNP closed Tuesday's session at $18.52. (The stock up about 3% in Q4; MA(50)- $19.11; MA(100)- $19.53; 52-wk H/L $21.47/$15.09)

Additionally, Joy Global Inc. (JOY), Weatherford International, Ltd. (WFT), Edison International (EIX), Finisar Corp. (FNSR), MBIA Inc. (MBI), PetSmart, Inc. (PETM) and Sotheby's (BID) will report their results today.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Stocks may move to the downside in early trading on Thursday, adding to the modest losses posted in the previous session. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 30 points. Germany's unemployment declined unexpectedly in October, suggesting an improvement in the labor market conditions despite weak economic developments. The number of people out of work decreased by 22,000 to 2.887 million in October, data from the Federal Labor Agency revealed Thursday. Economists had forecast an increase of 4,000. Economic confidence in the eurozone picked up in October from a 10-month low, with broad based improvement across sectors, the results of a survey by the European Commission showed Thursday. The economic confidence index rose unexpectedly to 100.7 in October from 99.9 in the prior month. The score was expected to fall to 99.7.
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