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Earnings Watch For Jan 24 (MMM, BMY, XRX, T, MSFT, SBUX)

3M Co. (MMM) is expected to report results for the fourth quarter before the markets open. The diversified technology company is expected to record earnings of $1.41 per share, higher than $1.35 per share reported a last year, while quarterly revenues are anticipated to increase to $7.18 billion from $7.09 billion in the prior year. The shares closed Wednesday at $99.49. (52-wk H/L $99.70/$81.99)

Biopharmaceutical firm Bristol-Myers Squibb Co. (BMY) is also scheduled to report fourth quarter results before the start of trading. The company is expected to post earnings of $0.43 per share, lower than the year-ago quarter's $0.53 per share. The company is also expected to generate revenues of $4.12 billion, down from $5.45 billion in the prior-year quarter. The company's shares closed Wednesday's session at $34.90. (52-wk H/L $36.34/$30.64)

Document technology and business process services provider Xerox Corp. (XRX) is slated to report results for the fourth quarter. The company is expected to earn $0.29 per share on revenues of $5.88 billion, while in the year-ago quarter, earnings and revenue were $0.33 per share and $5.96 billion respectively. The shares closed Wednesday at $7.58. (52-wk H/L $8.55/$6.10)

Telecommunications giant AT&T, Inc. (T) will report its fourth quarter results after the close of trading. The earnings of the company are expected to rise to $0.46 per share from $0.42 per share reported a year earlier, whereas quarterly revenues are anticipated at $32.22 billion, slightly lower than $32.50 billion reported a year earlier. The stock closed Wednesday at $33.78. (52-wk H/L $38.58/$29.02)

Software giant Microsoft Corp. (MSFT) is due to post its fourth quarter results. The Redmond, Washington-based company's earnings and revenue for the quarter are expected to be $0.75 per share and $21.53 billion, respectively. In the previous year, the company posted earnings of $0.78 per share on revenues of $20.88 billion. The company's shares closed Wednesday's session at $27.61. (52-wk H/L $32.95/$26.26)

The world's largest specialty coffee retailer Starbucks Corp. (SBUX) is expected to post first-quarter results. The company is expected to report earnings of $0.57 per share on revenues of $3.84 billion. A year earlier, earnings and revenue were $0.50 per share and $3.44 billion, respectively. The stock closed Wednesday's regular trading at $54.46. (52-wk H/L $62.00/$43.04)

A.O. Smith Corp (AOS), Airgas, Inc. (ARG), AmerisourceBergen Corporation (ABC), Celgene Corporation (CELG), Cypress Semiconductor Corporation (CY), Eaton Corporation plc (ETN), Fairchild Semiconductor International Inc. (FCS), Lockheed Martin Corporation (LMT), McCormick & Company, Incorporated (MKC), Raytheon Co. (RTN), Stanley Black & Decker, Inc. (SWK), Union Pacific Corporation (UNP), United Continental Holdings, Inc. (UAL), Consolidated Edison Inc. (ED), E*TRADE Financial Corporation (ETFC), Flextronics International Ltd. (FLEX), JB Hunt Transport Services Inc. (JBHT), Juniper Networks, Inc. (JNPR), Lattice Semiconductor Corporation (LSCC), Maxim Integrated Products, Inc. (MXIM), Microsemi Corporation (MSCC), QLogic Corp. (QLGC), Rambus Inc. (RMBS), ScanSource, Inc. (SCSC), VeriSign, Inc. (VRSN) and WMS Industries Inc. (WMS) are also due to report their results .

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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