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Earnings Watch For July 18 (AXP, BAC, EBAY, HON, IBM, QCOM, XLNX, YUM)

Credit-card issuer American Express Co. (AXP) is expected to report results for the second quarter. The company is expected to earn $1.09 per share on revenues of $8.10 billion. In the year-ago quarter, the company reported earnings of $1.07 per share on revenues of $7.62 billion. The shares closed Tuesday at $58.68. (The stock up about 1% in Q2; MA(50)- $56.96; MA(100)- $56.89; 52-wk H/L $61.42/$41.30)

Bank of America Corp. (BAC) is due to post second-quarter results. The financial services giant is expected to record earnings of $0.14 per share compared to the loss of $0.90 per share last year, on revenues of $22.87 billion. Shares of BAC closed Tuesday's trade at $7.92. (The stock down around 14% in Q2; MA(50)- $7.54; MA(100)- $8.14; 52-wk H/L $10.28/$4.92)

eBay Inc. (EBAY) is scheduled to report second-quarter results. The company is expected to post earnings of $0.55 per share, higher than the year-ago quarter's $0.48 per share. Also, the online auctioneer is anticipated to generate revenues of $3.36 billion versus $2.76 billion in the prior-year quarter. The company's shares closed Tuesday's session at $39.07. (The stock gained nearly 14% in Q2; MA(50)- $40.51; MA(100)- $38.99; 52-wk H/L $43.94/$26.86)

Diversified conglomerate Honeywell International Inc. (HON) is slated to report results for the second quarter. The company is expected to report a profit of $1.12 per share versus $1.02 per share last year, with revenues estimated at $9.56 billion. The stock closed Tuesday at $54.54. (The stock declined about 8% in Q2; MA(50)- $55.76; MA(100)- $57.73; 52-wk H/L $62.00/$41.22)

International Business Machines Corp. (IBM) is expected to post second-quarter results. The company is expected to report earnings of $3.42 per share on revenues of $26.28 billion. A year earlier, earnings and revenue were $3.09 per share and $26.67 billion respectively. The stock closed Tuesday's regular trading at $183.65. (The stock down almost 6% in Q2; MA(50)- $194.30; MA(100)- $198.92; 52-wk H/L $210.69/$157.13)

Chip maker QUALCOMM Inc. (QCOM) will report third-quarter results today. Earnings of the company are expected to rise to $0.86 per share from $0.73 per share reported a year earlier, while quarterly revenues are anticipated to rise to $4.68 billion from last year's $3.62 billion. The company's shares closed Tuesday's session at $54.46. (The stock down about 18% in Q3; MA(50)- $57.19; MA(100)- $61.11; 52-wk H/L $68.87/$45.98)

Xilinx Inc. (XLNX) is scheduled to report results for the first quarter. The programmable chipmaker is expected to post earnings of $0.45 per share versus $0.56 per share reported a year earlier, on revenues of $574.98 million. The shares closed Tuesday at $30.89. (The stock declined nearly 7% in Q1; MA(50)- $32.35; MA(100)- $34.15; 52-wk H/L $37.74/$26.55)

Fast-food chain Yum! Brands, Inc. (YUM) is scheduled to report second-quarter results. The company is expected to post earnings of $0.70 per share, higher than the year-ago quarter's $0.66 per share. Also, the company is anticipated to generate revenues of $3.12 billion compared to $2.82 billion in the prior-year quarter. The company's shares closed Tuesday's session at $64.41. (The stock down about 9% in Q2; MA(50)- $66.65; MA(100)- $68.32; 52-wk H/L $74.44/$47.15)

AO Smith Corp. (AOS), Abbott Laboratories (ABT), Bank of New York Mellon Corp. (BK), BlackRock, Inc. (BLK), F5 Networks, Inc. (FFIV), Kinder Morgan Energy Partners LP (KMP), Noble Corp. (NE), Northern Trust Corp. (NTRS), PNC Financial Services Group Inc. (PNC), St. Jude Medical Inc. (STJ), U.S. Bancorp (USB), United Continental Holdings, Inc. (UAL), W.W. Grainger, Inc. (GWW), Skyworks Solutions Inc. (SWKS), SLM Corp. (SLM), Stryker Corp. (SYK) and Stanley Black & Decker, Inc. (SWK) are also expected to report their results today.

by RTTNews Staff Writer

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