On Tap Today: Initial Jobless Claims, National Semiconductor Earnings
National Semiconductor
(NSM)
, a maker of microprocessors, is scheduled to report its quarterly numbers today. Analysts expect the company to post a fourth-quarter loss of 3 cents a share, which would be a dramatic decline from the year-ago quarter in which it earned 68 cents a share.
Ahead of the earnings report, the Santa Clara, Calif., company also said it would acquire Swedish mobile-phone maker
Wireless Solutions
in a deal worth about $23.5 million.
In economic news, the
initial jobless claims report is due out before the bell. The data provide a snapshot of labor market conditions and could factor in during today's trading session.
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.:
Initial Jobless Claims for the week ended June 2. Source:
Labor Department. Forecast: 417,000. Previous: 419,000. Four-week average: Forecast: n.a. Previous: 402,500.