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Earnings Watch For October 17 (AXP, HAL, PEP, BK, BLK, CMA, DOV, BAC)

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10/17/2012 5:06 AM ET

Credit-card issuer American Express Co. (AXP: Quote) is expected to report results for the third quarter. The company is expected to earn $1.08 per share on revenues of $7.93 billion. In the year-ago quarter, the company reported earnings of $1.03 per share on revenues of $7.57 billion. The shares closed Tuesday at $58.63. (The stock up about 1% in Q3; MA(50)- $57.58; MA(100)- $57.17; 52-wk H/L $61.42/$44.69)

Halliburton Co. (HAL: Quote) is scheduled to report third-quarter results. The company is expected to post earnings of $0.67 per share, lower than the year-ago quarter's $0.94 per share. Also, the oilfield services provider is anticipated to generate revenues of $7.14 billion versus $6.55 billion in the prior-year quarter. The company's shares closed Tuesday's session at $34.56. (The stock declined nearly 14% in Q3; MA(50)- $34.51; MA(100)- $32.16; 52-wk H/L $40.43/$26.28)

Food and beverage giant Pepsico, Inc. (PEP: Quote) is slated to report results for the third quarter. The company is expected to report a profit of $1.16 per share versus $1.31 per share last year, with revenues estimated at $16.90 billion. The stock closed Tuesday at $70.30. (The stock rose almost 7% in Q3; MA(50)- $71.57; MA(100)- $70.65; 52-wk H/L $73.66/$61.50)

The Bank of New York Mellon Corp. (BK: Quote) is expected to post third-quarter results. The company is expected to report earnings of $0.54 per share on revenues of $3.60 billion. A year earlier, earnings and revenue were $0.53 per share and $3.68 billion respectively. The stock closed Tuesday's regular trading at $23.56. (The stock down almost 9% in Q3; MA(50)- $22.85; MA(100)- $21.94; 52-wk H/L $24.72/$17.67)

BlackRock, Inc. (BLK: Quote), the world's largest asset manager, will report third-quarter results today. Earnings of the company are expected to rise to $3.30 per share from $2.83 per share reported a year earlier, while quarterly revenues are anticipated to rise to $2.26 billion from last year's $2.22 billion. The company's shares closed Tuesday's session at $189.97. (The stock declined nearly 16% in Q3; MA(50)- $179.81; MA(100)- $175.53; 52-wk H/L $209.37/$146.53)

Regional bank Comerica Inc. (CMA: Quote) is scheduled to report results for the third quarter. The company is expected to post earnings of $0.65 per share versus $0.51 per share reported a year earlier, on revenues of $633.71 million. The shares closed Tuesday at $31.04. (The stock down about 5% in Q3; MA(50)- $31.26; MA(100)- $30.67; 52-wk H/L $34/$22.69)

Dover Corp. (DOV: Quote) is scheduled to report third-quarter results. The company is expected to post earnings of $1.23 per share, lower than the year-ago quarter's $1.31 per share. Also, the company is anticipated to generate revenues of $2.24 billion compared to $2.16 billion in the prior-year quarter. The company's shares closed Tuesday's session at $57.18. (The stock declined around 14% in Q3; MA(50)- $58.18; MA(100)- $56.08; 52-wk H/L $67.20/$50.14)

Bank of America Corp. (BAC: Quote) is due to post third-quarter results. The company is expected to report a loss of $0.07 per share compared to earnings of $0.56 per share last year, on revenues of $21.89 billion. Shares of BAC closed Tuesday's trade at $9.46. (The stock down about 14% in Q3; MA(50)- $8.59; MA(100)- $8.05; 52-wk H/L $10.10/$4.92)

Additionally, AO Smith Corp. (AOS), Abbott Laboratories (ABT), Albemarle Corp. (ALB), Amphenol Corp. (APH), Check Point Software Technologies Ltd. (CHKP), eBay Inc. (EBAY), Knight Capital Group, Inc. (KCG), M&T Bank Corp. (MTB), Northern Trust Corp. (NTRS), Quest Diagnostics Inc. (DGX), RLI Corp. (RLI), St. Jude Medical Inc. (STJ), Stanley Black & Decker, Inc. (SWK), Stryker Corp. (SYK) and Textron Inc. (TXT) will post 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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