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Earnings Watch For March 7 (KR, SFD, HRB, P)

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3/7/2013 5:34 AM ET

Grocery stores operator Kroger Co. (KR: Quote) is scheduled to post fourth quarter results before the markets open. The Cincinnati, Ohio-based company is expected to report earnings of $0.70 per share, higher than the year-ago quarter's $0.50 per share. Also, the company is anticipated to generate revenues of $24.00 billion, an increase from $21.41 billion in the prior-year quarter. The stock closed Wednesday's session at $29.36. (52-wk H/L $29.76/$20.98)

Smithfield Foods, Inc. (SFD: Quote) is expected to report third quarter results before the opening bell. The packaged pork and meat products maker is expected to report earnings of $0.51 per share, lower than $0.69 per share last year. Besides, the Smithfield, Virginia-based company is anticipated to generate revenues of $3.53 billion, up from $3.48 billion recorded a year ago. The company's shares closed Wednesday's regular trading at $22.30. (52-wk H/L $24.00/$17.55)

H&R Block, Inc. (HRB: Quote) is due to post third-quarter results. The largest US tax preparer company is expected to report a loss of $0.01 per share, flat with last year. Revenues are estimated to decline to $563.60 million from $663.28 million reported a year earlier. Shares of HRB closed Wednesday's trade at $25.26. (52-wk H/L $25.50/$14.35)

Oakland, California-based Pandora Media, Inc. (P: Quote) is due to post fourth quarter results after the market closes. The Internet radio company is expected to post a loss of $0.05 per share, wider than $0.03 per share reported a year ago. Meanwhile, revenues are projected to rise to $122.81 million from $81.33 million last year. The shares closed Wednesday's session at $11.67. (52-wk H/L $13.50/$7.08)

Ciena Corp (CIEN: Quote), Comtech Telecommunications Corp. (CMTL: Quote), The Cooper Companies Inc. (COO: Quote), Finisar Corp. (FNSR: Quote), Quiksilver Inc. (ZQK: Quote) and Thor Industries Inc. (THO) are also scheduled to report their results.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Stocks continue to show a lack of direction in mid-day trading on Thursday, extending the lackluster performance seen earlier in the session. The major averages have spent the day bouncing back and forth across the unchanged line. After speaking with President Barack Obama by phone about stalled immigration reform legislation on Wednesday, House Majority Leader Eric Cantor, R-Virg., claimed the president still does not understand how to work with the Republican-controlled House. Growth in Philadelphia-area manufacturing activity has accelerated by much more than anticipated in the month of April, according to the results of the Federal Reserve Bank of Philadelphia's Business Outlook Survey released on Thursday. The Philly Fed said its diffusion index of current activity climbed to 16.6 in April from 9.0 in March, with a positive reading indicating growth.
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