Stocks to Watch: Dell, Williams-Sonoma (Update 1)

NEW YORK -- Dell (DELL) posts fiscal first-quarter earnings after Tuesday's closing bell and analysts expect the PC maker to earn 46 cents a share on revenue of $14.91 billion.

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Williams-Sonoma (WSM) reported Tuesday first-quarter earnings of $30.7 million, or 30 cents a share, compared to year-earlier earnings of $31.6 million, or 29 cents. Without what the company called "unusual business events," first-quarter earnings per share were 34 cents, up from 30 cents last year.

Revenue in the quarter was $817.6 million.

The San Francisco-based upscale home products retailer was expected by analysts to report fiscal first-quarter profit of 32 cents a share on revenue of $811.7 million.

Williams-Sonoma said it anticipates fiscal 2012 adjusted earnings of $2.42 to $2.49 share, up from its previously estimates of $2.37 to $2.47 a share.

Buy Nokia, Prepare RIM's Grave

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Bayer and Onyx Pharmaceuticals (ONXX) said a late-stage clinical study evaluating Nexavar failed to show the drug can prolong the lives of patients with lung tumors.

JPMorgan Chase-ened

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Specialty retailer Urban Outfitters (URBN) posted Monday first-quarter profit that topped analysts' expectations.

Urban Outfitters earned $34 million, or 23 cents a share, for the three months ended April 30, 3 cents above analysts' views.

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Simon Property Group (SPG) shareholders rejected the eight-year compensation package that was proposed for its CEO David Simon, according to The Wall Street Journal. This package included a base salary of $1.25 million a year and $132 million in stock awards over the eight-year time period.

-- Written by Joseph Woelfel



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