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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
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
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