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Earnings Watch For April 24 (MMM, HSY, AMGN, BIDU, T, JNPR)

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4/24/2012 5:10 AM ET

Diversified technology company 3M Co. (MMM: Quote) is expected to report results for the first quarter. The company is expected to earn $1.49 per share, flat with last year, on revenues of $7.49 billion. The shares closed Monday at $87.13. (The stock up about 10% in Q1; MA(50)- $87.70; MA(100)- $85.53; 52-wk H/L $98.19/$68.63)

Hershey Co. (HSY: Quote) is due to post first-quarter results. The chocolate and confectionery products maker is expected to record earnings of $0.81 per share versus $0.72 per share last year, while quarterly revenues are anticipated to increase to $1.66 billion from $1.56 billion in the prior year. Shares of HSY closed Monday's trade at $62.29. (The stock stood almost flat in Q1; MA(50)- $60.82; MA(100)- $60.60; 52-wk H/L $63.27/$53.77)

Amgen Inc. (AMGN: Quote) is scheduled to report first-quarter results. The biotechnology giant is expected to post earnings of $1.45 per share, higher than the year-ago quarter's $1.34 per share. Also, the company is anticipated to generate revenues of $3.93 billion compared to $3.71 billion in the prior-year quarter. The company's shares closed Monday's session at $68.29. (The stock gained nearly 6% in Q1; MA(50)- $67.52; MA(100)- $65.81; 52-wk H/L $70.00/$47.66)

China's most-popular search engine Baidu, Inc. (BIDU: Quote) is slated to report results for the first quarter. The company is expected to report a profit of $0.84 per share compared to $0.47 per share last year, with revenues estimated at $677.37 million. The stock closed Monday at $139.66. (The stock up about 25% in Q1; MA(50)- $141.40; MA(100)- $133.11; 52-wk H/L $165.96/$100.95)

Telecommunications giant AT&T, Inc. (T: Quote) is expected to post first-quarter results. Earnings for the quarter are expected to be $0.57 per share, same as prior-year quarter, on revenues of $31.85 billion. The company's shares closed Monday's regular trading at $30.61. (The stock rose almost 5% in Q1; MA(50)- $30.90; MA(100)- $30.26; 52-wk H/L $31.97/$27.29)

Juniper Networks, Inc. (JNPR: Quote), a maker of routers and switches, will report first-quarter results today. Earnings and revenue for the quarter are expected to be $0.13 per share and $976.84 million respectively. A year earlier, the company earned $0.32 per share on revenues of $1.10 billion. Shares of JNPR closed Monday's trade at $20.17. (The stock gained nearly 12% in Q1; MA(50)- $21.98; MA(100)- $21.63; 52-wk H/L $40.37/$16.67)

AK Steel Holding Corp. (AKS), Air Products & Chemicals Inc. (APD), Baker Hughes Inc. (BHI), Boyd Gaming Corp. (BYD), Celestica Inc. (CLS), Coach, Inc. (COH), Illinois Tool Works Inc. (ITW), Lexmark International Inc. (LXK), McGraw-Hill Companies, Inc. (MHP), RadioShack Corp. (RSH), Regions Financial Corp. (RF), Reynolds American Inc. (RAI), United States Steel Corp. (X), Western Union Co. (WU), ACE Ltd. (ACE), AmSurg Corp. (AMSG), Apple Inc. (AAPL), CBRE Group, Inc. (CBG), Century Aluminum Co. (CENX), CTS Corp. (CTS), DeVry, Inc. (DV), Edwards Lifesciences Corp. (EW), Healthways Inc. (HWAY), International Game Technology (IGT), Norfolk Southern Corp. (NSC), Panera Bread Co. (PNRA), Questar Corp. (STR), RF Micro Devices Inc. (RFMD), Unisys Corp. (UIS) and Websense, Inc. (WBSN) are also scheduled to post their results today.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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