Stocks to Watch: AOL, Zillow, Nike
NEW YORK --
AOL
(AOL)
is expected to report its third-quarter results before Tuesday's opening bell, and analysts are calling for earnings of 17 cents a share in the September-ended period on revenue of $521.6 million.
Shares of the Web content company have more than doubled so far this year, hitting a 52-week high of $37.94 on Oct. 17. In late August, AOL announced plans to distribute a special cash dividend of $5.15 a share to stockholders before the end of the year.
Zillow
(Z) - Get Report
, the real estate information company, on Monday gave a soft revenue outlook for the final quarter of 2012.
The company also announced a small acquisition, spending $12 million in cash and 150,000 restricted shares to purchase
Mortech
, a Lincoln, Neb.-based mortgage software and services company.
Exclusive: Zillow CEO Talks Acquisition, Guidance
Nike
(NKE) - Get Report
is close to a deal to sell its Cole Haan brand to Apax Partners for about $500 million,
The New York Times
reported. A deal could be announced next week, according to two people briefed on the matter, the newspaper said.
Express Scripts
(ESRX)
reported Monday a 20% increase in third-quarter profit but warned that 2013 could bring a weaker business climate.
Stock exchange operator
NYSE Euronext
(NYX)
said Tuesday that third-quarter net revenue declined 21% to $559 million amid weaker trading in the U.S. and Europe. Net income fell 42%.
Consider Trailing Stop Losses and Buying NYX
Earnings are also expected Tuesday from
CVS Corp.
(CVS) - Get Report
,
Marsh & McLennan
(MMC) - Get Report
,
Office Depot
(ODP) - Get Report
,
OfficeMax
(OMX)
,
Cache
(CACH)
,
News Corp.
(NWS) - Get Report
,
Rackspace Hosting
(RAX)
and
Vitesse Semiconductor
(VTSS)
.
-- Written by Joseph Woelfel
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Joseph Woelfel
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