
On Tap Today: Initial Jobless Claims, Barnes & Noble Earnings
Several notable retailers, including
Tommy Hilfiger
(TOM)
,
American Eagle Outfitters
(AEOS)
and
Barnes & Noble
(BKS) - Get Report
, are all slated to report earnings on Thursday.
Wall Street expects clothing and sportswear retailer Tommy Hilfiger to post fourth-quarter earnings of 33 cents a share, down from 37 cents in the year-ago period. Two analysts polled by
Thomson Financial/First Call
forecast revenue of about $436 million, down from $475.3 million in the same period last year.
Analysts expect apparel retailer American Eagle to earn 20 cents a share, an improvement from the 17 cents posted in the year-earlier period. Analysts are looking for revenue of $229.6 million, up from $178 million in the same period last year.
A 10-analyst consensus is expecting bookseller Barnes & Noble to lose 14 cents in the first quarter. The company broke even in the year-ago period. While there is no consensus estimate for revenue for the first quarter, the company brought in $894.3 million in the year-ago period.
Other companies on the earnings schedule for Thursday include:
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 May 19. Source:
Labor Department. Forecast: 388,000. Previous: 380,000.
Four-week average. Forecast: n.a. Previous: 401,250.
10 a.m.:
New Home Sales for April. Source:
Census Bureau. Forecast: 977,000. Previous: 1,021,000.
11 a.m.:
Treasury Buyback. Source:
Treasury Department.