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Earnings Watch For August 1 (CAH, PG, KRFT, COP, XOM, LNKD)

Consumer goods giant Procter & Gamble Co. (PG: Quote) is expected to report fourth quarter results. The Cincinnati, Ohio-based company is expected to post earnings of $0.77 per share, a decline from year-ago quarter's $0.82 per share. However, revenues are anticipated at $20.55 billion, up from $20.21 billion generated a year ago. Shares of PG closed Wednesday's trade at $80.30. (52-wk H/L $82.54/$63.24)

Integrated oil company ConocoPhillips (COP: Quote) is due to post its second-quarter results. The Houston, Texas-based company is expected to earn $1.29 per share, higher than the $1.22 per share a year ago, whereas revenues estimated at $12.75 billion, lower than the prior year's $13.99 billion. The company's shares closed Wednesday's regular trading at $64.86. (52-wk H/L $66.25/$53.95)

Irving, Texas-based Exxon Mobil Corp. (XOM: Quote) is also scheduled to report second quarter results before the opening of the market. The Oil and natural gas giant is expected to earn $1.90 per share, up from $1.80 per share reported last year while revenues are projected to be down at $105.54 billion, versus $127.36 billion last year. The shares of Exxon Mobil closed Wednesday's trade at $93.75. (52-wk H/L $95.49/$84.70)

Packaged food company Kraft Foods Group, Inc. (KRFT: Quote) is scheduled to report second quarter results. The earnings for the quarter are expected to be $0.66 per share on revenues of $4.81 billion. The company's shares closed Wednesday's session at $56.58. (52-wk H/L $58.76/$42.00)

Mountain View, California-based LinkedIn Corp. (LNKD: Quote) is due to report its second quarter results after the close of trading. The earnings of the professional networking giant company are expected to grow to $0.31 per share from $0.16 per share reported in the previous year, while revenues are estimated at $353.85 million, higher than $228.21 million in the prior year. The stock closed Wednesday at $203.79. (52-wk H/L $203.39/$91.67)

Cardinal Health, Inc. (CAH: Quote) is slated to report results for the fourth quarter. The healthcare services provider is expected to report a profit of $0.77 per share, an increase from $0.73 per share a year ago. Besides, revenues are estimated to decline to $24.56 billion from $26.76 billion in the previous year. The stock closed Wednesday at $50.09. (52-wk H/L $51.09/$36.91)

Automatic Data Processing, Inc. (ADP), Avon Products Inc. (AVP), Barrick Gold Corp. (ABX: Quote), Beazer Homes USA Inc. (BZH), Chesapeake Energy Corp (CHK: Quote), Cigna Corp. (CI), The Clorox Co. (CLX: Quote), CME Group Inc. (CME), Fluor Corp (FLR), Kellogg Co. (K: Quote), Mylan, Inc. (MYL), The New York Times Co. (NYT: Quote), Teva Pharmaceutical Industries Ltd (TEVA: Quote), Time Warner Cable Inc. (TWC: Quote), Activision Blizzard, Inc. (ATVI), Clear Channel Outdoor Holdings Inc. (CCO), Consolidated Edison Inc. (ED), Liberty Global plc (LBTYA), Public Storage (PSA: Quote), Sierra Wireless Inc. (SWIR), Spansion Inc. (CODE), Tellabs Inc. (TLAB), ValueClick, Inc. (VCLK) and ViaSat Inc. (VSAT: Quote) 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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Editors Pick
Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months. Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.
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