Earnings News

Earnings Watch For May 8 (CTSH, NWS, GRPN, LMCA, ATVI, AOL)

Groupon, Inc. (GRPN) is scheduled to post first-quarter results after the close of trading. The Chicago, Illinois-based company is expected to earn $0.03 per share, a marginal increase from $0.02 per share reported a year ago. Also, the company is expected to generate revenues of $588.92 million, which is higher than the prior year's $559.28 million. GRPN closed Tuesday's session at $5.39. (52-wk H/L $14.93/$2.60)

Cognizant Technology Solutions Corp. (CTSH), the provider of IT, consulting, and business process outsourcing services, is expected to report first-quarter results before the markets open. The earnings of the company are expected to increase to $0.93 per share from $0.79 per share reported a year earlier, while quarterly revenues are anticipated to rise to $2.01 billion from last year's $1.71 billion. The shares closed Tuesday at $64.88. (52-wk H/L $81.08/$53.92)

Activision Blizzard, Inc. (ATVI) is scheduled to report first quarter results. The world's largest video game publisher is expected to post earnings of $0.11 per share, higher than the year-ago quarter's $0.06 per share. Also, the company is anticipated to generate revenues of $704.20 million, up from $587.00 million in the prior-year quarter. The company's shares closed Tuesday's session at $14.94. (52-wk H/L $15.33/$10.45)

Media group News Corp. (NWS, NWSA) is due to post third-quarter results. The New York-based company is expected to record earnings of $0.36 per share, lower than $0.37 per share earned last year. Revenues are anticipated at $9.18 billion, up from the prior-year's $8.40 billion. . Shares of NWSA closed Tuesday's trade at $32.29. (52-wk H/L $32.57/$18.52)

Englewood, Colorado-based Liberty Media Corp. (LMCA, LMCB) is slated to report results for the first quarter. Earnings and revenue for the quarter are expected to be $0.32 per share and $37.58 million respectively. The shares closed Tuesday at $120.15. (52-wk H/L $119.99/$101.00)

Web service company AOL Inc. (AOL) is expected to report results for the first quarter before the markets open. The New York-based company's earnings are expected to surge to $0.35 per share from the prior year's $0.22 per share, while revenues are anticipated to grow to $537.15 million from $529.40 million reported a year earlier. The shares closed Tuesday at $41.42. (52-wk H/L $43.93/$24.35)

The Wendy's Company (WEN), Tim Hortons Inc. (THI), Tesla Motors (TSLA), Transocean (RIG), Sunoco Logistics (SXL) are also due to report their results today.

by RTTNews Staff Writer

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