Earnings News

Earnings Watch For February 17 (PPC, B, ECA)

Frozen chicken producer Pilgrim's Pride Corp. (PPC) is slated to report results for the fourth quarter. The company is expected to report a loss of $0.29 per share versus earnings of $0.17 per share last year, with revenues estimated at $1.88 billion. The company's shares closed Thursday's session at $5.52. (The stock surged about 35% in Q4; MA(50)- $5.71; MA(100)- $5.28; 52-wk H/L $8.41/$2.91)

Barnes Group, Inc. (B) is due to post quarterly results. For the fourth quarter, earnings are expected to rise year-over-year to $0.32 per share from $0.21 per share. Also, the company is anticipated to record revenues of $311.95 million, higher than $283.27 million recorded a year ago. B closed Thursday's regular trade at $26.46. (The stock rose almost 26% in Q4; MA(50)- $24.88; MA(100)- $23.64; 52-wk H/L $27.13/$17.47)

Canada's largest natural gas producer Encana Corp. (ECA) is scheduled to report fourth-quarter results. The company is expected to earn $0.09 per share, flat with last year, on revenues of $1.74 billion. On the NYSE, the shares closed Thursday at $20.23. (The stock dropped around 2% in Q4; MA(50)- $18.89; MA(100)- $19.46; 52-wk H/L $35.22/$17.02)

Brookfield Asset Management Inc. (BAM), H.J. Heinz Co. (HNZ) and PolyOne Corp. (POL) are also expected to report their results today.

by RTTNews Staff Writer

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