Struggling consumer electronics retailer Best Buy Co., Inc. (BBY) is expected to report results for the fourth quarter before the market opens. The earnings of the Richfield, Minnesota-based company are expected to decline to $1.54 per share from $2.47 per share last year. Quarterly revenues are anticipated at $16.34 billion. The shares closed Thursday at $16.41. (52-wk H/L $27.95/$11.20)
Magna International Inc. (MGA) is scheduled to report fourth-quarter results. The company is expected to report earnings of $1.14 per share versus $1.46 per share last year. Besides, the company is expected to record revenues of $7.74 billion, an increase from last year's $7.25 billion. The company's shares closed Thursday's session at $53.22. (52-wk H/L $54.48/$36.54)
Exelis, Inc. (XLS) will report its fourth-quarter results. Earnings and revenue for the quarter are expected to be $0.46 per share and $1.35 billion, respectively. In the same quarter a year earlier, the company posted earnings of $0.50 per share on revenues of $1.48 billion. Shares of XLS closed Thursday's trade at $10.32. (52-wk H/L $12.88/$9.01)
Novavax, Inc. (NVAX) is slated to report results for the second quarter. The company is expected to report a loss of $0.04 per share compared to a loss of $0.03 per share last year, on revenues of $7.04 million. The stock closed Thursday at $1.82. (52-wk H/L $2.44/$1.12)
PDL BioPharma, Inc. (PDLI) is scheduled to report fourth-quarter results. The earnings of the company are expected to be $0.32 per share, higher than the prior year's $0.24 per share. Further, revenues are anticipated to grow to $86.08 million from $72.81 million reported a year earlier. The company's shares closed Thursday's session at $7.14. (52-wk H/L $8.43/$6.02)
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.