(RTTNews) - Wall Street will be bustling with a spate of earnings reports from major utility companies, including Duke Energy, FPL Group and Dominion Resources as earnings season moves towards a crescendo this week. The spotlight will be shared by some prime companies such as Verizon, Coca-Cola Enterprises and General Dynamics.

October 26

Dow confrere Verizon Communications Inc. (VZ: News ) will release its third-quarter financial results before the market opens Monday. Wall Street analysts have a consensus earnings estimate of $0.59 per share on revenues of $27.17 billion. In the prior-year period, the company reported adjusted earnings of $0.66 per share and revenues of $24.8 billion. In addition to the July's announcement of additional 8 thousand job cuts, which is expected to occur in the third and fourth quarters, the New York-based telecommunications services provider initiated a restructuring plan in October that resulted in combining its two wireline business group, Verizon Telecom and Verizon Business into a single entity named Verizon Wireline.

Telecommunications networking products supplier Tellabs Inc. (TLAB: News ) is set to publish third-quarter scorecard before the market opens, with analysts projecting earnings of $0.06 per share on revenues of $394.03 million. In the year-ago period, the company reported earnings of $0.05 per share and revenue of $424 million. Earlier in July, the company said it expects third-quarter revenue to be flat to up by a mid-single-digit percentage, compared with the 2009 second quarter's revenue of $385 million.
Book publisher McGraw Hill Companies (MHP: News ) will issue third-quarter numbers before the market opens on October 26, with analysts projecting earnings of $1.05 per share on revenues of $1.94 billion. In the third quarter of fiscal 2008, the company earned $1.23 per share on revenues of $2.0 billion. While releasing second-quarter results, the company trimmed the top-end of its prior earnings forecast for fiscal 2009 to $2.20 - $2.25 per share from prior range of $2.20 - $2.30 per share, citing weakening market conditions in advertising and school education. The company also said that it anticipates full-year 2009 revenues to decline 5.5% - 6.5% from the previous year, reflecting revenues of $5.95 billion - $6.01 billion. Earlier, the company projected a revenue decline of 4.0% - 5.0%.

Specialty glass and ceramics products maker Corning Inc. (GLW: News ), which witnessed power disruption at LCD glass manufacturing facility in Taichung, Taiwan, is due to release third-quarter results before the market opens Monday, with analysts forecasting earnings of $0.39 per share on revenues of $1.42 billion. In the year-ago quarter, Corning posted non-GAAP earnings of $0.46 per share and sales of $1.56 billion.

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