Corporate News

Earnings Watch For May 7 (DIS, EA, LYV, CA, VCLK)

Diversified media and entertainment conglomerate Walt Disney Co. (DIS) is slated to report second quarter results after the trading closes. The Burbank, California-based company's earnings are expected to increase to $0.76 per share from the prior year's $0.58 per share. Further, the company is anticipated to record revenues of $10.48 billion, higher than $9.63 billion last year. The stock closed Monday at $65.06. (52-wk H/L $65.59/$43.09).

California-based Electronic Arts Inc. (EA) is scheduled to report fourth quarter results. The video-game maker is expected to earn $0.58 per share, higher than the prior year's $0.17 per share while revenues are anticipated to grow to $1.04 billion from last year's $977.0 million. On the Nasdaq, EA closed Monday's trade at $18.29. (52-wk H/L $19.51/$10.77)

Live Nation Entertainment, Inc. (LYV) will post its first-quarter results. The company is expected to post a loss of $0.37 per share, flat with last year. Besides, revenues are anticipated at $914.37 million, up from the prior year's $868.00 million. The company's shares closed Monday's regular trading at $12.95. (52-wk H/L $13.01/$8.01)

Application software solutions provider CA Technologies (CA) is expected to post fourth quarter results after the close of trading. The company is expected to report earnings of $0.55 per share on revenues of $1.14 billion. A year earlier, earnings and revenue were $0.56 per share and $1.19 billion respectively. The stock closed Monday's regular trading at $27.67. (52-wk H/L $27.94/$21.48)

ValueClick, Inc. (VCLK) is due to post its first quarter results. The company is expected to post earnings of $0.40 per share versus $0.36 per share reported a year earlier, while quarterly revenues are anticipated to rise to $166.73 million from last year's $152.85 million. Shares of VCLK closed Monday's trade at $31.72. (52-wk H/L $32.22/$13.80)

Casey's General Stores Inc. (CASY), DIRECTV (DTV), Emerson Electric Co. (EMR), Louisiana-Pacific Corp. (LPX), Molson Coors Brewing Co. (TAP, TPX_A.TO, TPX_B.TO), ArthroCare Corp. (ARTC), Marathon Oil Corp. (MRO), Papa John's International Inc. (PZZA), Symantec Corp. (SYMC), TripAdvisor Inc. (TRIP), Whole Foods Market (WFM) and Williams Partners (WPZ) are also scheduled to report their results.

by RTTNews Staff Writer

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