Stocks to Watch: Masco Guides Up, Electronics for Imaging Warns

Verizon (VZ Quote) said Chairman and co-CEO Charles R. Lee will relinquish his chief executive post three months earlier than originally planned. As a result, Ivan Seidenberg will become the company's sole CEO, effective April 1. Lee will formally retire from Verizon on June 30 and become nonexecutive chairman of the board until June 30, 2004.

Earnings Reports & Outlooks

Electronics for Imaging (EFII Quote) expects to report first-quarter revenue of $80 million to $83 million and earnings, excluding items, of 3 cents to 4 cents a share. Analysts are looking for a profit of 16 cents. The company expects second-quarter revenue to come in only "slightly ahead" of the first-quarter top line.

Fleming (FLM Quote) forecast earnings of $2.65 to $2.75 a share for 2002, including the effects of the bankruptcy of Kmart (KM Quote), its largest customer. Fleming also expects first-quarter earnings of 50 cents to 54 cents a share. For 2003, the company expects to earn $3.40 to $3.50 a share. According to First Call, analysts are calling for earnings of 49 cents in the first quarter, $2.44 in 2002 and $3.37 in 2003. ...