Stocks to Watch: GM, Disney, Warnaco, MasterCard
NEW YORK -- General Motors (GM) is expected by analysts Wednesday to post third-quarter earnings of 60 cents a share on revenue of $35.92 billion.
On Tuesday, Ford (F) reported earnings that beat analysts' estimates, a result of strong U.S. sales that overcame the adverse impact of slumping Europe sales and lower profits in South America.
Ford Tops Estimates Despite Europe, South America Declines
Walt Disney (DIS) announced Tuesday it agreed to acquire Lucasfilm, the maker of the "Star Wars" movies, for $4.05 billion. Disney said it would make at least three more "Star Wars" movies, with the next release scheduled for 2015.
PVH (PVH)agreed to buy Warnaco (WRC) for about $2.9 billion, a deal that will bring brands like Calvin Klein, Tommy Hilfiger and Speedo under one roof. PVH is buying Warnaco for $51.75 in cash and 0.1822 a share of PVH common stock for each Warnaco share. The deal values Warnaco at $68.43, a 34% premium over the last closing price of Warnaco of $50.99.
MasterCard (MA) is forecast by analysts to report third-quarter earnings of $5.93 a share, while rival credit card company Visa (V)is seen posting fiscal fourth-quarter earnings of $1.50 a share. This Week's Key Earnings Reports
MetLife (MET), the insurance giant, is expected to report third-quarter earnings at $1.28 a share on revenue of $17.15 billion.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
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