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Earnings Watch For May 9 (ATVI, AOL, CSCO, M, PCLN, NWSA)

5/9/2012 5:31 AM ET

Video game publisher Activision Blizzard, Inc. (ATVI: Quote) is expected to report results for the first quarter. The company is expected to earn $0.04 per share on revenues of $555.93 million. In the year-ago quarter, the company reported earnings of $0.13 per share on revenues of $755 million. The shares closed Tuesday at $12.40. (The stock up about 6% in Q1; MA(50)- $12.42; MA(100)- $12.30; 52-wk H/L $14.40/$10.40)

AOL, Inc. (AOL: Quote) is due to post first-quarter results. The company is expected to record earnings of $0.07 per share, up from $0.04 per share earned last year, on revenues of $526.48 million. Shares of AOL closed Tuesday's trade at $25.58. (The stock surged around 26% in Q1; MA(50)- $21.23; MA(100)- $18.82; 52-wk H/L $27.47/$10.06)

Cisco Systems, Inc. (CSCO: Quote) is scheduled to report third-quarter results. The world's largest computer networking gear maker is expected to post earnings of $0.47 per share, higher than the year-ago quarter's $0.42 per share. Also, the company is anticipated to generate revenues of $11.57 billion compared to $10.87 billion in the prior-year quarter. The company's shares closed Tuesday's session at $18.71. (The stock gained nearly 17% in Q3; MA(50)- $20.03; MA(100)- $19.68; 52-wk H/L $21.30/$13.30)

Department store chain Macy's, Inc. (M: Quote) is slated to report results for the first quarter. The company is expected to report a profit of $0.40 per share compared to $0.30 per share last year, on revenues of $6.13 billion. The stock closed Tuesday at $39.51. (The stock up about 24% in Q1; MA(50)- $39.81; MA(100)- $37.09; 52-wk H/L $42.17/$22.66)

priceline.com Inc. (PCLN: Quote) is expected to post first-quarter results. Earnings for the quarter are expected to rise to $3.95 per share from $2.66 per share reported a year ago. Besides, the online travel services provider is anticipated to record revenues of $1.04 billion, up from last year's $809.32 million. The company's shares closed Tuesday's regular trading at $716.20. (The stock rose almost 53% in Q1; MA(50)- $705.35; MA(100)- $610.76; 52-wk H/L $774.96/$411.26)

News Corp. (NWSA) will report third-quarter results today. The company is expected to report earnings of $0.31 per share versus $0.26 per share last year, with revenues estimated at $8.24 billion. Shares of NWSA closed Tuesday's trade at $19.33. (The stock gained nearly 11% in Q3; MA(50)- $19.57; MA(100)- $19.11; 52-wk H/L $20.40/$13.38)

Accretive Health, Inc. (AH), BMC Software Inc. (BMC), Dean Foods Co. (DF), Tim Hortons Inc. (THI), Live Nation Entertainment, Inc. (LYV), MEMC Electronic Materials Inc. (WFR) and Scientific Games Corp. (SGMS) are also due to report their results today.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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