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Earnings Watch For April 18 (BK, HAL, AXP, EBAY, QCOM, YUM)

Bank of New York Mellon Corp. (BK) is expected to report results for the first quarter. The company is expected to earn $0.52 per share on revenues of $3.61 billion, while in the year-ago quarter, earnings and revenue were $0.50 per share and $3.6 billion respectively. The shares closed Tuesday at $23.80. (The stock up about 22% in Q1; MA(50)- $22.91; MA(100)- $21.43; 52-wk H/L $29.25/$17.10)

Oilfield services provider Halliburton Co. (HAL) is due to post first-quarter results. The company is expected to record earnings of $0.85 per share versus $0.61 per share last year, on revenues of $6.78 billion. Shares of HAL closed Tuesday's trade at $32.66. (The stock dropped around 4% in Q1; MA(50)- $34.81; MA(100)- $34.67; 52-wk H/L $57.77/$27.21)

American Express Co. (AXP) is scheduled to report first-quarter results. The New York-based company is expected to post earnings of $1.00 per share, higher than the year-ago quarter's $0.97 per share. Also, the company is anticipated to generate revenues of $7.57 billion compared to $7.03 billion in the prior-year quarter. The company's shares closed Tuesday's session at $58.18. (The stock gained nearly 23% in Q1; MA(50)- $55.01; MA(100)- $51.70; 52-wk H/L $59.26/$41.30)

eBay Inc. (EBAY) is slated to report results for the first quarter. The online auctioneer is expected to report a profit of $0.52 per share versus $0.47 per share last year, with revenues estimated at $3.15 billion. The stock closed Tuesday at $36.08. (The stock up about 22% in Q1; MA(50)- $35.85; MA(100)- $33.30; 52-wk H/L $38.18/$26.86)

QUALCOMM Inc. (QCOM) is expected to post second-quarter results. Earnings for the quarter are expected to grow to $0.96 per share from $0.86 per share in the previous year. Besides, the San Diego, California-based company is anticipated to record revenues of $4.84 billion, up from last year's $3.87 billion. The company's shares closed Tuesday's regular trading at $67.23. (The stock rose almost 25% in Q2; MA(50)- $64.67; MA(100)- $60.15; 52-wk H/L $68.87/$45.98)

Yum! Brands, Inc. (YUM) will report first-quarter results today. The restaurant chains operator is expected to report earnings of $0.72 per share compared to $0.63 per share last year, on revenues of $2.70 billion. Shares of YUM closed Tuesday's trade at $73.19. (The stock gained nearly 21% in Q1; MA(50)- $67.90; MA(100)- $63.60; 52-wk H/L $73.70/$47.15)

Abbott Laboratories (ABT), BlackRock, Inc. (BLK), Dover Corp. (DOV), F5 Networks, Inc. (FFIV), Noble Corp. (NE), PNC Financial Services Group Inc. (PNC), Quest Diagnostics Inc. (DGX), St. Jude Medical Inc. (STJ), VMware, Inc. (VMW), Piper Jaffray Companies (PJC), PNC Financial Services Group Inc. (PNC), Lam Research Corp. (LRCX), Marriott International, Inc. (MAR), SLM Corp. (SLM) and Stanley Black & Decker, Inc. (SWK) will also report their results today.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Discount-store operator Target, Inc. on Tuesday reported a 43 percent decline in profit in the fourth quarter from last year, reflecting lower sales and weaker margins. In addition, the prior-year period's results included a one-time gain. Adjusted earnings per share for the latest quarter missed analysts' expectations. Grocery store chain Trader Joe's has voluntarily recalled three of the brand's unsweetened apple sauce products, because of the potential presence of glass pieces in the jars. The recalled products include Trader Joe's First Crush Unsweetened Gravenstein Apple Sauce and Organic Unsweetened Apple Sauce sold in all stores. The company has about 460 stores in nearly 40 states. Amazon-owned Twitch plans to start selling game downloads from players' live broadcasts. The platform will allow its around 17,000 game-broadcasting partners to sell games and in-game content directly from their pages when they are live-streaming gameplay, starting this spring.
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