Mmmmm -- beer.
The Street is full of Clydesdales today as the self-proclaimed king of beers
reports its fourth-quarter earnings. The St. Louis-based brewery is expected to post earnings of 23 cents a share, which would be up 3 cents from a year ago.
The company recently announced that it would secure a 14% interest in Chilean-based
Companhia Cervecerias Unidas
, in a deal totaling $224 million. This move is part of a larger plan by Anheuser-Busch to expand operations in Latin America.
Shares of Anheuser-Busch traded down 0.5% to finish at $40.71 yesterday.
In economic news, the preliminary
Productivity report is due out today before the morning bell. The data measures the changes in output per hour for all persons and labor costs per unit of output. A combination of low productivity and high unit labor costs is considered a warning sign of inflation.
Other indicators slated for release today include the
Mortgage Application Survey and
Consumer Comfort Index. Neither indicator figures to weigh in on today's trading session.
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 Application Survey for the week ended Feb. 3. Source:
Mortgage Bankers Association. Forecast: N/A. Previous: 1992.1.
Purchase Index: Forecast: N/A. Previous: 298.1.
Productivity for Q4 '00--preliminary. Source:
Labor Department. Forecast: +2.0%. Previous: +3.3%.
Unit Labor Costs: Forecast: +3.3%. Previous: +2.9%.
Treasury refunding. Source:
Bureau of the Public Debt. The Treasury announces the results of its 10-year note auction, at which $11 billion of securities will be sold, with bids due at 1 p.m. The auction is the second leg of the quarterly refunding, which concludes Thursday.
Consumer Comfort Index for the week ended Feb. 3. Source:
ABC News and Money Magazine. Forecast: N/A. Previous: 18.
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.