Stocks to Watch: Heinz, Joy Global, Pandora

NEW YORK -- H.J. Heinz (HNZ), the ketchup giant, is expected by analysts Wednesday to post fiscal first-quarter profit of 80 cents a share, up from 78 cents a year earlier.

Heinz previewed its earnings Tuesday, telling shareholders that first-quarter earnings were expected to rise 23.5%.

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Joy Global (JOYG), the mining equipment manufacturer, is expected by analysts Wednesday to report fiscal third-quarter earnings of $1.89 a share on sales of $1.43 billion.

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Pandora Media (P) is scheduled to report its fiscal second-quarter results after Wednesday's closing bell.

The average estimate of analysts calls for a loss of 3 cents a share in the July-ended period on revenue of $100.9 million.

Shares of the streaming music company are up 2% so far in 2012, but down more than 35% from their initial pricing at $16 in mid-June 2011.

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WellPoint (WLP) President and CEO Angela Braly resigned Tuesday amid investor frustration with the stock performance of the second-largest health insurer in the U.S.

Braly took over as president and CEO in 2007. She also was named chairwoman in 2010.

The stock rose more than 4% in after-hours trading on Tuesday following the announcement of Braly's resignation.

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Walt Disney's (DIS) ESPN sports network agreed to pay Major League Baseball $5.6 billion over eight years for a package of television and digital rights through the 2021 season, Reuters reported, citing sources.

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Vera Bradley (VRA), the accessories designer, reports quarterly numbers Wednesday and Wall Street expects a profit of 35 cents a share in the July-ended period on revenue of $122.2 million.

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-- Written by Joseph Woelfel



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