logo
Share SHARE
FONT-SIZE Plus   Neg

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

Cognizant Technology Solutions Corp. (CTSH) 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) 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) 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) 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) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform. Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity.
comments powered by Disqus
Follow RTT