On Tap Today: Housing Starts, Earnings Reports by Goldman Sachs, Lehman

Best Buy also will report today, as will Jabil Circuit.
By Chris Frankie ,

Today the market will get earnings releases from companies including

Jabil Circuit

(JBL) - Get Report

,

Best Buy

(BBY) - Get Report

,

American Greetings

(AM) - Get Report

,

Goldman Sachs

(GS) - Get Report

and

Lehman Brothers

(LEH)

.

Jabil Circuit, a provider of electronic manufacturing services, is slated to report after the close. Twenty-nine analysts polled by

Thomson Financial/First Call

expect the company to earn 16 cents a share. Jabil earned 21 cents in the year-ago period.

Specialty retailer Best Buy is also on the earnings calendar for Tuesday. Wall Street is expecting the company to earn 23 cents a share in the fiscal first quarter. The company earned 34 cents in the year-ago period.

Analysts expect investment banking concern Lehman Brothers to earn $1.14 a share in the second quarter, down from $1.39 during the same period last year. Goldman is expected to earn $1.06 a share for the second quarter, down from $1.48 a year ago. Analysts are expecting American Greetings to post first-quarter earnings of 25 cents, which is well short of the 60 cents the company made in the same period a year ago.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.: Housing Starts for May. Source: Census Bureau. Forecast: 1.593M. Previous: 1.609M. Building Permits - Forecast: n.a. Previous: 1.587M.
  • 9 a.m.: BTM-UBSW Weekly Chain Store Sales Index for the week ended June 18. Source: Bank of Tokyo-Mitsubishi and UBS Warburg. Forecast: n.a. Previous: +0.3%.
  • 9 a.m.: Redbook Retail Average for the month through June 18, vs. May. Source: LJR Redbook. Forecast: n.a. Previous: +0.4%.
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