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Earnings Watch For Jan 29 (DHI, LLY, F, PFE, BSX, BRCM)

Pfizer Inc. (PFE) is due to post its fourth quarter results. The pharmaceutical giant is expected to post earnings of $0.44 per share, lower than the year-ago quarter's $0.50 per share. Also, quarterly revenues are anticipated to decline to $14.37 billion from $16.75 billion in the prior-year quarter. PFE closed Monday at $26.84. (52-wk H/L $27.30/$20.75)

DR Horton Inc. (DHI) is expected to report results for the first quarter before the markets open. The earnings of the homebuilder are expected to increase to $0.14 per share from $0.09 per share reported a year earlier. Quarterly revenues are estimated to grow to $1.10 billion from last year's $884.30 million. On Monday, the stock closed at $21.31. (52-wk H/L $22.79/$13.45)

Drugmaker Eli Lilly & Co. (LLY) is also scheduled to report fourth quarter results before the start of trading. The Indianapolis, Indiana-based company's earnings are expected to decline to $0.78 per share from $0.87 per share reported a year earlier. Quarterly revenues are anticipated to fall to $5.81 billion from last year's $6.05 billion. The company's shares closed Monday's session at $52.64. (52-wk H/L $53.99/$38.30)

Automaker Ford Motor Co. (F) is slated to report results for the fourth quarter. Earnings and revenue for the quarter are expected to be $0.25 per share and $32.94 billion respectively. In the previous year, the Dearborn, Michigan-based company posted earnings of $0.20 per share on revenues of $32.60 billion. The stock closed Monday at $13.78. (52-wk H/L $14.30/$8.82)

Boston Scientific Corp. (BSX) will report its fourth-quarter results today. The company is expected to post earnings of $0.11 per share, up from $0.08 per share reported a year earlier, while quarterly revenues are anticipated to decline to $1.76 billion from last year's $1.85 billion. The company's shares closed Monday's session at $6.86. (52-wk H/L $6.93/$4.79)

Chipmaker Broadcom Corp. (BRCM) is expected to post fourth quarter results after the markets close. The company is expected to earn $0.73 per share, higher than the prior year's $0.68 per share on revenues of $2.07 billion. The company's shares closed Monday's regular trading at $34.06. (52-wk H/L $39.66/$28.60)

Ashland Inc. (ASH), CIT Group Inc. (CIT), Corning Inc. (GLW), Danaher Corp. (DHR), EMC Corporation (EMC), Harley-Davidson, Inc. (HOG), Illinois Tool Works Inc. (ITW), Kulicke and Soffa Industries, Inc. (KLIC), Lexmark International Inc. (LXK), Nucor Corporation (NUE), Peabody Energy Corp. (BTU), Tupperware Brands Corporation (TUP), United States Steel Corp. (X), Tyco International Ltd. (TYC), Valero Energy Corporation (VLO), ACE Limited (ACE), Arthur J Gallagher & Co. (AJG), Boston Properties Inc. (BXP), Dolby Laboratories, Inc. (DLB), Freescale Semiconductor, Ltd. (FSL), Hutchinson Technology Inc. (HTCH), Manhattan Associates, Inc. (MANH), PAREXEL International Corporation (PRXL), Spansion Inc. (CODE), Unisys Corporation (UIS) and Websense, Inc. (WBSN) are also slated to report their results.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

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Ciena Corp., a provider of communications networking solutions, on Thursday reported a turnaround to profit in the fourth quarter on higher revenues and lower expenses. However results for the quarter missed analysts' estimates. Looking ahead, the company forecast revenue for the first quarter of fiscal 2017 in line with analysts' expectations. Wearable fitness device maker Fitbit Inc. said it has acquired the assets of struggling smartwatch startup Pebble, including key personnel and intellectual property related to software and firmware development. The acquisition excludes Pebble's hardware products. Financial terms of the deal were not disclosed. Starbucks is teaming up with Pokémon Go, a location based augmented reality game, to turn its stores into PokéStops and Gyms, reports said. Further, the coffee giant reportedly would open Italian bakeries that serve pizza, with the first store expected to open in late 2017.
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