Food and beverage giant Pepsico, Inc. (PEP) is scheduled to report fourth quarter results before the markets open. The Purchase, New York-based make of Frito-Lay snacks and Tropicana juice is expected to report a profit of $1.05 per share, lower than $1.15 per share reported last year. Meanwhile, revenues are estimated to rise to $19.70 billion from $19.54 billion reported a year earlier. The stock closed Wednesday at $71.50. (52-wk H/L $73.66/$62.15)
General Motors Co. (GM) will post its fourth quarter results today. Quarterly earnings are expected to rise to $0.51 per share from $0.39 per share reported a year ago. The automaker is anticipated to record revenues of $39.14 billion compared to last year's $37.99 billion. The company's shares closed Wednesday's regular trading at $28.67. (52-wk H/L $30.68/$18.72)
Media company CBS Corp. (CBS) is slated to report results for the fourth quarter. The New York-based company is expected to report a profit of $0.69 per share versus $0.57 per share last year. Revenues are estimated at $3.79 billion, a marginal increase from the prior year's $3.78 billion. Shares of CBS closed Wednesday trade at $42.67. (52-wk H/L $43.47/$28.22)
Satellite television company DirecTV, Inc. (DTV) is expected to report results for the fourth quarter. The company is expected to earn $1.13 per share on revenues of $8.03 billion. In the prior-year quarter, the company reported earnings of $1.02 per share on revenues of $7.46 billion. The shares closed Wednesday at $51.67. (52-wk H/L $55.17/$42.87)
Brocade Communications Systems, Inc. (BRCD), maker of switches and software for data-storage networks, is due to report first quarter results after the close of trading. The earnings of the San Jose, California-based company is expected to decline to $0.16 per share from $0.20 per share in the prior year quarter. Besides, quarterly revenues are anticipated to be $575.62 million, higher than $560.64 million recorded a year ago. The shares closed Wednesday's session at $5.76. (52-wk H/L $6.44/$4.18)
Agilent Technologies Inc. (A), Goldcorp Inc. (GG), Weingarten Realty Investors (WRI), Alpha Natural Resources, Inc. (ANR), Apache Corp. (APA), Barrick Gold Corporation (ABX), BorgWarner Inc. (BWA), Molson Coors Brewing Company (TAP), Invesco Van Kampen Massachusetts Value Municipal Income Trust (VMV) and Waste Management, Inc. (WM) are also due to report their results.
by RTT Staff Writer
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