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Earnings Watch For May 7 (CTSH, DISH, SYY, EA, TSN)

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Cognizant Technology Solutions Corp. (CTSH: Quote) is expected to report results for the first quarter. The IT, consulting, and BPO services provider is expected to earn $0.79 per share on revenues of $1.71 billion. In the year-ago quarter, the company reported earnings of $0.67 per share on revenues of $1.37 billion. The stock closed Friday at $69.66. (The stock up about 20% in Q1; MA(50)- $74.04; MA(100)- $71.40; 52-wk H/L $78.75/$53.54)

Satellite television provider Dish Network Corp. (DISH: Quote) is due to post first-quarter results. The company is expected to record earnings of $0.70 per share compared to $1.22 per share last year, on revenues of $3.62 billion. Shares of DISH closed Friday's trade at $31.31. (The stock rose around 16% in Q1; MA(50)- $31.51; MA(100)- $29.93; 52-wk H/L $35.64/$20.89)

Sysco Corp. (SYY: Quote) is scheduled to report third-quarter results. Quarterly earnings of the food-distribution giant are expected to decline to $0.43 per share from $0.46 per share in the same quarter a year earlier. Also, the company is anticipated to generate revenues of $10.45 billion, up from $9.76 billion recorded a year ago. SYY closed Friday's session at $27.90. (The stock gained nearly 3% in Q3; MA(50)- $29.44; MA(100)- $29.48; 52-wk H/L $32.76/$25.09)

Video-game publisher Electronic Arts Inc. (EA: Quote) is slated to report results for the fourth quarter. The company is expected to report a profit of $0.16 per share versus $0.25 per share last year, with revenues estimated at $958.54 million. The stock closed Friday's regular trade at $15.12. (The stock declined almost 20% in Q4; MA(50)- $16.25; MA(100)- $17.65; 52-wk H/L $26.13/$14.48)

Tyson Foods Inc. (TSN: Quote) will post its second-quarter results today. Earnings and revenue for the quarter are expected to be $0.39 per share and $8.49 billion respectively. In the previous year, the meat products producer earned $0.42 per share on revenues of $8 billion. On Friday, TSN closed trade at $18.04. (The stock down about 7% in Q2; MA(50)- $18.87; MA(100)- $19.26; 52-wk H/L $21.06/$15.60)

Avis Budget Group, Inc. (CAR), Louisiana-Pacific Corp. (LPX), PetMed Express Inc. (PETS), TravelCenters of America LLC (TA), Pitney Bowes Inc. (PBI) and Rackspace Hosting, Inc. (RAX) are also expected to 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
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
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