Stocks to Watch: Disney, Sirius
NEW YORK -- Walt Disney (DIS) reports fiscal third-quarter results after Tuesday's closing bell and analysts are calling for earnings of 93 cents a share on revenue of $11.30 billion.
Shares of Disney, a Dow component, have risen more than 30% since the start of the year.
Sirius XM Radio (SIRI) is expected by analysts Tuesday to post second-quarter earnings of 2 cents a share on revenue of $834.4 million. Revenue in the first quarter was $804.7 million.
Sirius has topped expectations in four of the past five quarters, and the stock has risen more than 15% in 2012. Apple to Dump YouTube ... for NowPriceline.com (PCLN) is seen earning $7.36 a share in the June-ended quarter on revenue of $1.35 billion. The online travel reservation company posted year-earlier earnings of $5.49 a share on revenue of $1.10 billion. 5 'A+' Dow Dividend Stocks Worth a Look
Johnson & Johnson (JNJ) and Pfizer (PFE) announced the discontinuation of the development of bapineuzumab intravenous, a proposed treatment for mild-to-moderate Alzheimer's disease, after a disappointing phase III trial. The two companies were partners on the drug's development as was Elan (ELN), which has a 49.9% interest in Janssen AI, the J&J unit that was working with Pfizer on the drug. Elan said it expects to record a non-cash impairment charge of $117.3 million in the third quarter to write down the entire value of its Janssen AI investment.
CVS (CVS), the drugstore chain, is expected by analysts Tuesday to post quarterly profit of 79 cents a share on revenue of $31.02 billion.
Leap Wireless (LEAP) reported a wider-than-anticipated loss in the second quarter. The San Diego-based provider of wireless communications services posted a loss Monday of $46 million, or 54 cents a share, on revenue of $786.8 million, missing the average estimate of analysts polled by Thomson Reuters for a loss of 50 cents a share on revenue of $836.3 million.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
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