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

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
Amazon.com, Inc. said Thursday that its second quarter loss widened from last year, as operating expenses outpaced revenue growth amid heavy spending on new technology and contents. The company's quarterly loss per share was also wider than what analysts expected, but is quarterly sales came in line with analysts' forecast. The company also forecast an operating loss for the current quarter. After failing to sustain an initial upward move, stocks showed a lack of direction throughout much of the trading day on Thursday. The major averages eventually closed nearly unchanged, turning in a mixed performance for the second straight day. New home sales in the U.S. showed a notable decrease in the month of June, according to a report released by the Commerce Department on Thursday, with the steep drop offsetting the jump seen in the previous month.
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