NEW YORK (
(MRK - Get Report)
(PFE - Get Report)
will be in focus Tuesday as both components of the
Dow Jones Industrial Average
will post earnings results.
should report a first-quarter profit of 75 cents a share on revenue of $11.17 billion, according to a Thomson Reuters poll of estimates. That would be a penny higher than its profit in the first quarter of 2009.
Meanwhile, fellow drugmaker
should see first-quarter earnings of 53 cents a share on revenue of $16.57 billion. Unlike Merck, that would be a penny below its year-ago profit. Investors should watch for the contributions from the
acquisition, which has boosted revenue but done little to affect bottom-line growth.
Several other companies will report quarterly results before the start of trading Tuesday, including
(ADM - Get Report)
(CVS - Get Report)
(MA - Get Report)
(MRO - Get Report)
(SIRI - Get Report)
On the economic front, separate reports on factory orders and pending home sales will be released at 10 a.m. ET. Economists expect the latest factory orders report to show a 0.2% decline in March after a 0.6% rise in February.
Meanwhile, the National Association of Realtors will likely say that pending home sales rose 5% in March, according to a
survey of analysts, which follows an 8.2% increase in February.
-- Written by Robert Holmes in Boston
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