logo
Share SHARE
FONT-SIZE Plus   Neg

Earnings Watch For Feb. 1 (CVX, XOM, MRK, NWL, TSN)

Energy powerhouses Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) are scheduled to report fiscal fourth quarter results today before the opening of the market. Chevron is expected to post $3.04 per share for the quarter, higher than $2.58 per share reported a year ago. Quarterly revenues are estimated to grow to $68.64 billion from last year's $59.98 billion. On Thursday, the stock closed at $115.15. (52-wk H/L $118.53/$95.73)

Exxon Mobil is expected to earn $2.00 per share, up from last year's $1.97. Revenue for the period is projected to be down at $115.22 billion, versus $121.61 billion last year. Shares of Exxon Mobil closed Thursday's trade at $89.97. (52-wk H/L $93.67/$77.13)

Healthcare giant Merck & Co., Inc. (MRK) is due to post its fourth quarter results. The whitehouse Station, New Jersey-based company's earnings are expected to decline to $0.81 per share from $0.97 per share reported a year earlier. Quarterly revenues are anticipated at $11.48 billion, down from last year's $12.29 billion. The stock closed Thursday at $43.25. (52-wk H/L $48.00/$36.91)

S&P 500 component Newell Rubbermaid Inc. (NWL) is slated to report results for the fourth quarter before the bell. The marketer of consumer and commercial products is expected to report earnings of $0.42 per share, on revenue of $1.52 billion. Last year, the company posted profit of $0.40 per share, on revenue of $1.50 billion. The company's shares closed Thursday's regular trading at $23.48.(52-wk H/L $23.71/$16.63)

Meat products maker Tyson Foods Inc. (TSN) is set to announce its first quarter results. Earnings for the period are anticiapted to remain flat at $0.42 per share, while revenues are projected to increase to $8.60 billion from $8.33 billion in the prior year quarter. TSN closed Thursday at $22.12. (52-wk H/L $22.86/$14.07)

Aon plc (AON), Ingersoll-Rand Plc (IR), Lear Corp. (LEA), Legg Mason Inc. (LM), LyondellBasell Industries NV (LYB), Mattel Inc. (MAT) are also scheduled to report their results today.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
World's largest oil company Saudi Aramco's initial public offering is on track and the listing will be in the second half of 2018, CEO Amin Nasser said in an exclusive interview with CNBC. There have been reports that the much awaited IPO might be delayed by one year. Taco Bell, the Mexican fast food chain of Yum! Brands Inc., is reportedly testing a new dessert product called the "Kit Kat Chocoladilla" at select locations in Wisconsin. It was tested last year in the UK. Nick Caporella, the chief executive officer of National Beverage Corp., has lashed out at short sellers after his company's shares declined more than 22 percent this month from their September 11 peak. In a statement, Caporella noted that less than 15 percent of the daily volume traded on major exchanges is financially driven by company fundamentals.
comments powered by Disqus
Follow RTT