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Earnings Watch For August 6 (TSN, THQI, VNO, CHK, CTSH)

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8/6/2012 5:10 AM ET

Meat products maker Tyson Foods Inc. (TSN: Quote) is expected to report results for the third quarter before the market opens today. The company is expected to earn $0.54 per share on revenues of $8.72 billion, while in the year-ago quarter, earnings and revenue were $0.46 per share and $8.25 billion respectively. The shares closed Friday at $15.40. (The stock dropped around 1% in Q3; MA(50)- $17.49; MA(100)- $18.17; 52-wk H/L $21.06/$14.62)

THQ Inc. (THQI: Quote) is due to post first-quarter results after the market closes today. The company is expected to report a loss of $3.97 per share versus loss of $9.40 per share last year, on revenues of $29.31 million. Shares of THQI closed Friday's trade at $5.00. (The stock rose almost 11% in Q1; MA(50)- $5.84; MA(100)- $5.96; 52-wk H/L $25.10/$4.50)

Vornado Realty Trust (VNO: Quote) is scheduled to report second-quarter results after closing of the market. The company is expected to post earnings of $0.95 per share, lower than the year-ago quarter's $1.27 per share. Also, the company is anticipated to generate revenues of $651.71 million compared to $730.15 million in the prior-year quarter. The company's shares closed Friday's session at $85.65. (The stock up about 1% in Q2; MA(50)- $82.78; MA(100)- $83.45; 52-wk H/L $88.50/$68.39)

Natural gas producer Chesapeake Energy Corp. (CHK: Quote) is slated to report results for the second quarter. Earnings and revenue for the quarter are expected to be $0.08 per share and $2.44 billion respectively. In the same quarter a year earlier, the company posted earnings of $0.76 per share on revenues of $3.32 billion. The stock closed Friday at $17.89. (The stock declined nearly 19% in Q2; MA(50)- $17.98; MA(100)- $18.80; 52-wk H/L $33.87/$13.32)

Prior to opening of the market, Cognizant Technology Solutions Corp. (CTSH: Quote) will post second-quarter results today. The IT, consulting, and BPO services provider is expected to report earnings of $0.80 per share compared to $0.67 per share a year ago, with revenues estimated at $1.79 billion. The company's shares closed Friday's regular trading at $57.86. (The stock down about 22% in Q2; MA(50)- $58.21; MA(100)- $64.59; 52-wk H/L $78.00/$53.54)

AES Corp. (AES), HCA Holdings, Inc. (HCA), Goodrich Petroleum Corp. (GDP), Manitowoc Co., Inc. (MTW), TW Telecom Inc. (TWTC), WMS Industries Inc. (WMS) and Quest Software Inc. (QSFT) are also due to report their results today.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses. Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
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