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

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5/7/2012 5:36 AM ET

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
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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