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Earnings Watch For May 1 (BRCM, CHK, FLEX, UNM, PEET, AVP, ODP, PFE, SIRI)

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Broadcom Corp. (BRCM: Quote) is expected to report results for the first quarter. The Irvine, California-based company is expected to earn $0.55 per share on revenues of $1.80 billion. In the year-ago quarter, the company reported earnings of $0.68 per share on revenues of $1.82 billion. The shares closed Monday at $36.60. (The stock surged about 34% in Q1; MA(50)- $37.04; MA(100)- $34.82; 52-wk H/L $39.66/$27.59)

Chesapeake Energy Corp. (CHK: Quote) is due to post first-quarter results. The company is expected to record earnings of $0.29 per share compared to $0.75 per share last year, on revenues of $2.75 billion. Shares of CHK closed Monday's trade at $18.44. (The stock up around 4% in Q1; MA(50)- $22.56; MA(100)- $22.66; 52-wk H/L $35.75/$16.78)

Electronics manufacturing services provider Flextronics International Ltd. (FLEX: Quote) is scheduled to report fourth-quarter results. The company is expected to post earnings of $0.23 per share, higher than the year-ago quarter's $0.21 per share. Also, the company is anticipated to generate revenues of $6.44 billion versus $6.86 billion in the prior-year quarter. The company's shares closed Monday's session at $6.68. (The stock gained nearly 28% in Q4; MA(50)- $7.05; MA(100)- $6.69; 52-wk H/L $7.49/$5.05)

Unum Group (UNM: Quote) is slated to report results for the first quarter. The disability insurance provider is expected to report a profit of $0.76 per share versus $0.69 per share last year, with revenues estimated at $2.59 billion. The stock closed Monday at $23.74. (The stock up about 17% in Q1; MA(50)- $23.73; MA(100)- $22.87; 52-wk H/L $26.96/$19.72)

Peet's Coffee & Tea, Inc. (PEET: Quote) is expected to post first-quarter results. Earnings and revenue for the quarter are expectd to be $0.31 per share and $96.87 million respectively. A year earlier, the company earned $0.41 per share on revenues of $88.47 million. The stock closed Monday's regular trading at $76.82. (The stock rose almost 18% in Q1; MA(50)- $70.64; MA(100)- $66.05; 52-wk H/L $77.60/$44.78)

Avon Products Inc. (AVP: Quote) will report first-quarter results today. Earnings of the company are expected to decline to $0.28 per share from $0.37 per share reported a year ago and quarterly revenues are anticipated to decrease to $2.52 billion from last year's $2.63 billion. The company's shares closed Monday's session at $21.60. (The stock gained nearly 12% in Q1; MA(50)- $20.26; MA(100)- $18.97; 52-wk H/L $31.60/$16.09)

Office products supplier Office Depot, Inc. (ODP: Quote) is scheduled to report results for the first quarter. The company is expected to post earnings of $0.05 per share versus breakeven per share last year, on revenues of $2.89 billion. The shares closed Monday at $3.04. (The stock surged about 60% in Q1; MA(50)- $3.29; MA(100)- $2.91; 52-wk H/L $4.84/$1.75)

Pfizer Inc. (PFE: Quote) is slated to report results for the first quarter. The drugmaker is expected to report a profit of $0.56 per share on revenues of $15.47 billion. In the previous year, the company earned $0.60 per share on revenues of $16.50 billion. PFE closed Monday at $22.90. (The stock up about 6% in Q1; MA(50)- $21.96; MA(100)- $21.67; 52-wk H/L $23.30/$16.63)

SIRIUS XM Radio Inc. (SIRI: Quote) is due to post first-quarter results. The company is expected to record earnings of $0.02 per share compared to $0.01 per share last year, on revenues of $803.83 million. Shares of SIRI closed Monday's trade at $2.26. (The stock rose around 27% in Q1; MA(50)- $2.25; MA(100)- $2.12; 52-wk H/L $2.44/$1.27)

Additionally, Amdocs Ltd. (DOX), Arthur J Gallagher & Co. (AJG), Big 5 Sporting Goods Corp. (BGFV), Boston Properties Inc. (BXP), CBOE Holdings, Inc. (CBOE), Con-way Inc. (CNW), DaVita Inc. (DVA), Fiserv, Inc. (FISV), General Growth Properties Inc. (GGP), Genworth Financial Inc. (GNW), Jack Henry & Associates Inc. (JKHY), Kindred Healthcare Inc. (KND), Myriad Genetics Inc. (MYGN), TW Telecom Inc. (TWTC), TripAdvisor Inc. (TRIP), Yamana Gold, Inc. (AUY), Arch Coal Inc. (ACI), Archer Daniels Midland Co. (ADM), Becton, Dickinson and Co. (BDX), Biogen Idec Inc. (BIIB), Corn Products International Inc. (CPO), Domino's Pizza, Inc. (DPZ), Ecolab Inc. (ECL), FirstEnergy Corp. (FE), Harris Corp. (HRS), Hospira Inc. (HSP), Kulicke & Soffa Industries Inc. (KLIC), Legg Mason Inc. (LM), Marsh & McLennan Companies, Inc. (MMC), P.F. Chang's China Bistro, Inc. (PFCB) and Valero Energy Corp. (VLO) 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 are likely to jump sharply at the start of trading on Friday, extending the upward move seen over the course of the previous session. The major index futures are currently pointing to a substantially higher open for the markets, with the Dow futures up by 169 points. Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday. Russia's central bank lifted its key rate sharply by a bigger-than-expected 150 basis points to counteract the slide in ruble and rising inflation. The Bank of Russia decided on Friday to raise its key rate to 9.50 percent from 8 percent. The bank was expected to hike its rate by 50 basis points. This was the fourth interest rate increase this year.
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