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Earnings Watch For June 29 (STZ, KBH, FINL)

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6/29/2012 5:09 AM ET

Wine and spirits maker Constellation Brands Inc. (STZ: Quote) is expected to report results for the first quarter before the market opens today. The company is expected to earn $0.39 per share, flat with last year, on revenues of $646.64 million. The shares closed Thursday at $21.76. (The stock up about 14% in Q1; MA(50)- $20.09; MA(100)- $21.20; 52-wk H/L $24.87/$16.42)

Prior to opening of the market, KB Home (KBH: Quote) is due to post second-quarter results. The home builder is expected to report a loss of $0.34 per share versus loss of $0.89 per share last year, with revenues estimated at $301.30 million. Shares of KBH closed Thursday's trade at $8.70. (The stock surged around 33% in Q2; MA(50)- $7.86; MA(100)- $9.23; 52-wk H/L $13.12/$5.02)

Shoes and apparel retailer Finish Line Inc. (FINL: Quote) is scheduled to report first-quarter results before the market opens today. The company is expected to report earnings of $0.23 per share, a decline from $0.30 per share earned a year ago. Also, the company is anticipated to generate revenues of $320.68 million compared to $299.47 million in the prior-year quarter. The company's shares closed Thursday's session at $18.68. (The stock gained nearly 10% in Q1; MA(50)- $20.78; MA(100)- $21.97; 52-wk H/L $26.16/$16.42)

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Analog Devices, Inc. said that its second quarter profit rose slightly from last year, helped mainly by lower income tax expenses even as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations. However, the company forecast third quarter revenue and earnings below analysts' current consensus estimates. While buying interest was relatively subdued, stocks moved modestly higher over the course of the trading day on Tuesday. The strength on the day offset the weakness seen in the previous session, with the Dow and the S&P 500 reaching new record closing highs. The major averages gave back some ground in late-day trading but remained in positive territory.
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