A lovin' spoonful of earnings will be dished out today as tasty soup-maker Campbell Soup (CPB) reports numbers for its fiscal second quarter. According to a 13-analyst estimate, Campbell is expected to post earnings of 64 cents a share, which would be down a penny from a year ago.
Ahead of earnings, the company named Robert Schiffner (of
fame) as its new CFO.
Shares of Campbell fell 1.7% to finish at $30.73 yesterday.
Also reporting today is Internet service provider
. The company's Asian subsidiary
Asia Global Crossing
posted a fourth-quarter net loss of 9 cents a share on Monday.
Shares of Global Crossing traded down 1.4% to finish at $19.40 yesterday.
As for economic data,
business inventories for December are released before the opening bell. Although this indicator rarely moves markets, it is useful in determining the inventory portion of the
GDP. In addition, two weekly indicators -- the
Mortgage Applications Survey and the
Consumer Comfort Index -- are scheduled for release today as well.
Lastly, the lockup period for several communications startups expire today.
Expected Earnings Reports
This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 7 a.m.:
Mortgage Applications Survey for the week ended Feb. 9. Source:
Mortgage Bankers Association. Refinancing Index: Forecast: N/A. Previous: 2612.5.
Purchase Index: Forecast: N/A. Previous: 311.5.
Business inventories for December. Source:
Census Bureau. Forecast: +0.2%. Previous: +0.5%.
Treasury auction announcement. Source:
Bureau of the Public Debt. The Treasury announces the size of its next monthly two-year note auction, next Wednesday.
Consumer Comfort Index for the week ended Feb. 10. Source:
ABC News and Money Magazine. Forecast: n.a.. Previous: 16.
IPO Lockups Expiring
Michael Falbo, who writes for
ipoPros.com subsidiary, keeps a close eye on lockup expirations every week. For more on lockup expirations and why they matter, check out Ben Holmes' primer on the subject. The full current lockup expiration list is published separately. For information on IPO pricings, filings and aftermarket activity, plus a calendar of upcoming IPOs, check out
IPO data section.
Conferences and Meetings
Robertson Stephens 2001 Tech Conference (Day 3)
Goldman Sachs Technology Investment Symposium (Day 3)