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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
Nike Inc., the world's largest athletic shoes and apparel maker, said Thursday after the markets closed that its second quarter profit rose 23% from last year, helped by higher revenue and improved gross margin. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. Citing extreme fluctuation of the ruble, Apple Inc. (AAPL) has reportedly discontinued its online sales of products in Russia. Despite efforts of the Russian central bank, the ruble has been spiraling downward, with oil prices plunging to historic levels. The ruble shed around 19 percent on Wednesday.... General Motors said it has halted the delivery of cars to dealerships in Russia as it strives to overcome the business risks stemming from the collapse of the ruble.
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