9 Stocks to Watch: Kodak, CVS
NEW YORK (TheStreet) -- Struggling Eastman Kodak (EK) posted a third-quarter loss from continuing operations of $222 million, or 83 cents a share, wider than a year-earlier loss of $43 million, or 16 cents.
Analysts were expecting Kodak to post a loss of 42 cents a share in the third quarter.
Kodak said it expects a loss from continuing operations in 2011 of $400 million to $600 million. It previously forecast a loss of $200 million to $400 million.
The stock rose 4 cents, or 3.5%, to $1.20 in premarket trading Thursday.
CVS Caremark (CVS) posted adjusted third-quarter earnings of 70 cents a share. Analysts expected CVS to earn 67 cents a share in the quarter. The drugstore and pharmacy benefits manager said it expects adjusted earnings from continuing operations in 2011 of $2.77 to $2.81 a share, a 2-cent raise in the bottom end of the range. CVS shares rose 0.9% to $35.77.
Business social networker LinkedIn (LNKD) is expected Thursday to post its second earnings report as a public company. Analysts polled by Thomson Reuters expect a loss of 4 cents a share in quarter ended in September on revenue of $127.6 million. The stock was off 5% to $84.50 in premarket trading Thursday.
NYSE Euronext (NYX) said third-quarter profit rose 54% to $186 million on strong trading volumes. NYSE said it is continuing talks with European regulators about receiving clearance for its $9 billion merger with Deutsche Boerse. NYSE shares rose 3.1%, up 77 cents, to $25.53 in premarket trading.
Costco Wholesale (COST), the warehouse retailer, said same-store sales in October jumped 9%, while total sales rose 11% to $7.01 billion.
Amazon (AMZN) on Thursday launched a program in which Kindle and Kindle Fire users who have Amazon Prime memberships can get access to Amazon's new digital book library service.
AIG (AIG) is expected by analysts to post a quarterly loss of 27 cents a share on revenue of $13.6 billion. On Tuesday, AIG paid back the Treasury Department $972 million of the billions it received in a rescue package from the U.S. government in 2008.
Kraft Foods (KFT) handily beat Wall Street's expectations for its fiscal third-quarter results and lifted its full-year outlook The stock rose 0.2% to $34.64.
Shares of Wells Fargo (WFC) were down slightly in premarket trading to $25.22, after The Wall Street Journal reported that a state judge in Illinois ruled the state may proceed with a lawsuit alleging that the San Francisco bank steered minority buyers into risky subprime mortgage loans. According to the Journal, this is the first of such cases to proceed to the discovery stage, and continues the pullback from states' lawsuits over consumer issues, with federal regulators having almost complete jurisdiction. -- Written by Joseph Woelfel
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