Stocks to Watch: Deere, Salesforce.com

Deere is expected by analysts Wednesday to post a fiscal fourth-quarter profit of $1.88 a share.
By Joseph Woelfel ,

NEW YORK --

Deere

(DE) - Get Report

reports earnings Wednesday and Wall Street is looking for a profit of $1.88 a share from the agricultural equipment maker in its fiscal fourth quarter on revenue of $8.85 billion.

Shares of Deere have risen roughly 11% so far in 2012.

Salesforce.com

(CRM) - Get Report

, the cloud computing company, on Tuesday delivered a 35% year-over-year revenue increase in its latest quarter.

The company reported non-GAAP earnings of $49.6 million, or 33 cents a share, for the third quarter on revenue of $788 million. Analysts expected profit of 32 cents a share on revenue of $776.5 million.

Salesforce.com forecast non-GAAP earnings of 38 cents to 40 cents a share in its fiscal fourth quarter on revenue ranging from $825 million to $830 million. Wall Street's current consensus view is for a profit of 40 cents a share on revenue of $829.9 million.

Salesforce.com Shares Buoyed by 35% Jump in Revenue

News Corp

(NWSA) - Get Report

has expressed interest to

CBS

(CBS) - Get Report

about acquiring its Simon & Schuster book business, according to people familiar with the talks,

The Wall Street Journal

reported.

News Corp owns HarperCollins Publishers and the

Journal

.

The people described the discussions as preliminary and cautioned that a deal isn't imminent, the newspaper said.

Zale

, the jewelry retailer, reported a wider-than-expected fiscal first-quarter loss on Tuesday.

Zale posted a loss of $28.3 million, or 88 cents per share, on revenue of $357.5 million. Analysts were expecting a loss of 68 cents a share on revenue of $365.6 million.

Zale said it expects to be profitable for fiscal 2013.

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Scholastic

(SCHL) - Get Report

, the publishing company, lowered its fiscal-year outlook after Tuesday's closing bell.

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-- Written by Joseph Woelfel

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Joseph Woelfel

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